Terminos incoterms

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Incoterms 2000
EXW (Ex-Works) - named place
Seller delivers when he places goods for pickup at seller’s premises or another named place (factory, warehouse, etc.), not cleared for export and not loaded on a collecting vehicle. (Ex. EXW Vernon)
Seller's Premises Export Documents Delivery at Named Place Loading Transit Unloading Delivery at Named Destination Import Documents Buyer's PremisesNo Costs Buyer’s Costs No Risks Buyer’s Risks

FCA (Free Carrier) - named place
Seller delivers the goods, cleared for export, to the carrier designated by the buyer at the named place. Delivery of goods typically occurs at a specified point (depot) of departure. (Ex. FCA Los Angeles)
Seller's Premises Export Documents Delivery at Named Place Loading Transit Unloading Delivery at NamedDestination Import Documents Buyer's Premises

Seller’s Costs Seller’s Risks

Buyer’s Costs Buyer’s Risks

Insurable Interest

FAS (Free Alongside Ship) - named port of shipment
Seller has delivered when the goods are placed alongside the vessel at the named port of shipment. Indicate the port of origin (loading) after acronym FAS, as FAS New York or FAS Hamburg.

Seller's Premises

ExportDocuments

Delivery at Named Place

Loading

Onboard Ships Rail

Transit

Onboard Ships Rail

Unloading

Delivery at Named Destination

Import Documents

Buyer's Premises

Seller’s Costs Seller’s Risks

Buyer’s Costs Buyer’s Risks

Insurable Interest

FOB (Free On Board) - named port of shipment
Seller delivers when the goods pass the ship’s rail at named port of shipment.Under Incoterms 2000, FOB is used for ocean freight only. However, many sellers still use FOB for air freight. Note, FOB has a different meaning under US commercial laws.
Seller's Premises Export Documents Delivery at Named Place Loading Onboard Ships Rail Transit Onboard Ships Rail Unloading Delivery at Named Destination Import Documents Buyer's Premises

Seller’s Costs Seller’s RisksBuyer’s Costs Buyer’s Risks

Insurable Interest

CFR (Cost and Freight) - named port of destination
Seller delivers when the goods pass the ship’s rail in port of shipment. Risk of loss transfers to the buyer at port of shipment. Seller pays costs and freight to named port of destination. Formerly known as C&F (Cost and Freight ) which is still commonly used in air freight.
Seller's PremisesExport Documents Delivery at Named Place Loading Onboard Ships Rail Transit Onboard Ships Rail Unloading Delivery at Named Destination Import Documents Buyer's Premises

Seller’s Costs Seller’s Risks Buyer’s Risks

Buyer’s Costs

Insurable Interest

CIF (Cost, Insurance and Freight) – named port of destination
Seller delivers when the goods pass the ship’s rail in the port of shipment whererisk of loss transfers to buyer. Seller pays costs and freight to named port of destination as in CFR. But in CIF, seller also pays for insurance against buyer’s risk of loss during carriage.
Seller's Premises Export Documents Delivery at Named Place Loading Onboard Ships Rail Transit Onboard Ships Rail Unloading Delivery at Named Destination Import Documents Buyer's Premises

Seller’s CostsSeller’s Risks Buyer’s Risks

Buyer’s Costs

Insurable Interest

Insurance Paid by Seller

CPT (Carriage Paid To) – named place of destination
Seller delivers the goods to the carrier named by him, but seller must also pay the cost of carriage to the named destination. Buyer bears all risks and any other costs occurring after the goods have been delivered to the named carrier.
Seller'sPremises Export Documents Delivery at Named Place Loading Transit Unloading Delivery at Named Destination Import Documents Buyer's Premises

Seller’s Costs Seller’s Risks Buyer’s Risks

Buyer’s Costs

Insurable Interest

CIP (Carriage and Insurance Paid To) – named place of destination
Seller delivers the goods to the carrier nominated by him, but the seller also pays the cost of carriage...
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