INCOTERMS
An acronym for ???International Commercial Terms???Rules for any Modes or Modes of Transport
| EXW | Ex Works (named place) |
| FCA | Free Carrier (named place of delivery) |
| CPT | Carriage Paid To (named place of destination) |
| CIP | Carriage and Insurance Paid to (named place of destination) |
| DAT | Delivered at Terminal (named terminal at port or place of destination) |
| DAP | Delivered at Place (named place of destination) |
| DDP | Delivered Duty Paid (named place of destination) |
Rules for Sea and Inland Waterway Transport
| FAS | Free Alongside Ship (named port of shipment) |
| FOB | Free on Board (named port of shipment) |
| CFR | Cost and Freight (named port of destination) |
| CIF | Cost, Insurance and Freight (named port of destination) |
What is INCOTERMS?
A series of three-letter trade terms related to common contractual sales practices, the INCOTERMS rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.
What Can INCOTERMS Do?
INCOTERMS inform the sales contract by defining the respective obligations, costs and risks involved in the delivery of goods from the Seller to the Buyer.
Who Is The Authority?
The authority for the publication of INCOTERMS rules is the??International Chamber of Commerce.
What Is The Current Edition?
The latest and eight edition is INCOTERMS?? 2010.
It was published on 1 January 2011.
http://www.iccwbo.org/products-and-services/trade-facilitation/incoterms-2010/the-incoterms-rules/
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