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The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions or procurement processes. 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.
1 Incoterms 2010
o o o o o o o
1.1 EXW Ex Works (named place of delivery) 1.2 CPT Carriage Paid To (named place of destination) 1.3 CIP Carriage and Insurance Paid to (named place of destination) 1.4 DAT Delivered at Terminal (named terminal at port or place of destination) 1.5 DAP Delivered at Place (named place of destination) 1.6 DDP Delivered Duty Paid (named place of destination) 1.7 Sea and inland waterway transport
1.7.1 FAS Free Alongside Ship (named port of shipment) 1.7.2 FOB Free on Board (named port of shipment) 1.7.3 CFR Cost and Freight (named port of destination) 1.7.4 CIF Cost, Insurance and Freight (named port of destination)
2 The seller responsibilities based on Incoterms 2010 3 Previous terms from Incoterms 2000 eliminated from Incoterms 2010
o o o o
3.1 DAF Delivered at Frontier (named place of delivery) 3.2 DES Delivered Ex Ship (named port of delivery) 3.3 DEQ Delivered Ex Quay (named port of delivery) 3.4 DDU Delivered Duty Unpaid (named place of destination)
In Store (FIS)". This term places the maximum obligations on the seller and minimum obligations on the buyer.
EX W
No
No
No
No
No
No
No
No
No
No
No
No
FC A
Yes
Yes
No
No
No
No
No
No
No
No
No
No
FA S
Yes
Yes
Yes
Yes
No
No
No
No
No
No
No
No
FO B
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
No
CF R
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
No
CIF
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
Yes
DA T
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
load unlo Loa ding on Tran spor t vehi cle expo rt decla ratio n adin tran spor t to the exp ort port g of the vehi cle in the expo rt port loa din g fee s in exp ort por t tran spor t to the imp ort port unlo adin g fees in impo rt port ing to the tran spor t vehi cle in imp ort port tran spor t to the deli very addr ess cus to m fee s ta x fe e s insu ranc e
DA P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
CP T
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
CIP
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
DD P
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes