2022-12-04

BDMETER

Global Industry Technology Information

Incoterms

2 min read
international commercial terms

international commercial terms

Incoterms (International Commercial Terms)

Incoterms are the recognized abbreviation for the International Chamber of Commerce Terms
of Sale.

The 11 Incoterms are listed below:

EXW – Ex-Works, named place where shipment is available to the buyer, not loaded. The
seller will not contract for any transportation.

International Carriage NOT Paid by Seller

FCA – Free Carrier, unloaded at the seller’s dock OR a named place where shipment is
available to the international carrier or agent, not loaded. This term can be used for any mode
of transport.

FAS – Free Alongside Ship, named ocean port of shipment. Ocean shipments that are NOT
containerized.

FOB – Free On Board vessel, named ocean port of shipment. This term is used for ocean
shipments only where it is important that the goods pass the ship’s rail.

International Carriage Paid by the Seller

CFR – Cost and Freight, Named ocean port of destination. This term is used for ocean
shipments that are not containerized.

CIF – Cost, Insurance and Freight, named ocean port of destination. This term is used for
ocean shipments that are not containerized.

CIP – Carriage and Insurance Paid To, named place or port of destination. This term is used
for air or ocean containerized and roll-on roll-off shipments.

CPT – Carriage Paid To, named place or port of destination. This term is used for air or ocean
containerized and roll-on roll-off shipments.

Arrival At Stated Destination

DAT – Delivered at Terminal (arrival at stated destination), named terminal at port or place of
destination, unloaded, not cleared. This term is used for any mode or modes of transportation.
DAP – Delivered at Place (arrival at stated destination), named place of destination, ready for
unloading, not cleared. This term is used for any mode or modes of transportation.
DDP – Delivered Duty Paid, named place of destination, not unloaded, cleared. This term is
used for any mode of transportation.

Leave a Reply