Incoterns

EXW

Ex Works (named place) → 'factory (place)'.

The seller makes the goods available to the buyer at their facilities: factory, warehouse, etc.. All expenses are thereafter by the purchaser.The EXW Incoterm can be used with any kind of transport or a combination of them (known as multimodal transport).











FOB
Free On Board (named loading port) → 'free on board(named port of shipment)"

The seller delivers the goods on the ship. The seller contracts for transport through a freight forwarder or a receiver, but the cost of transport is assumed by the buyer.The Incoterm FOB is one of the most used in international trade. It should be used for general cargo (drums, coils, containers, etc.) Of goods, bulk unusable.

The FOB Incoterm is used exclusively totransport by boat, either sea or river.













CFR
Cost and Freight (named destination port) → 'Cost and Freight (named port of destination) ".

The seller is responsible forall costs, including the main transport, until the goods arrive at the destination port. However, the risk is transferred to the buyer when the goods are loaded on the ship, in the country of origin.It should be used for general cargo not containerized, nor is it appropriate for the bulk.

The CFR Incoterm only used for transport by boat, either sea or river.


CIF
Cost, Insurance andFreight (named destination port) → ‘coste, seguro y flete (puerto de destino convenido)’.
El vendedor se hace cargo de todos los costes, incluidos el transporte principal y el seguro, hasta que lamercancía llegue al puerto de destino. Aunque el seguro lo ha contratado el vendedor, el beneficiario del seguro es el comprador.
Como en el incoterm anterior, CFR, el riesgo se transfiere al comprador en elmomento que la mercancía se encuentra cargada en el buque, en el país de origen. El incoterm CIF es uno de los más usados en el comercio internacional porque las condiciones de un precio CIF son...