Terminology - IncoTerms

Incoterms 2000 Quick Reference Chart

Recommended for Sea freight Only
 
Term FAS FOB CFR CIF DES DEQ
Description Free Alongside ship Free on Board Cost and Freight Cost Insurance & Freight Delivered Ex Ship Delivered Ex Quay
Delivery at & risk transfer Ship's side at port of shipment Ship's rail at port of shipment Ship's rail at port of shipment Ship's rail at port of shipment On ship at Port of Destination On Wharf at Port of Destination
Packing Costs Seller Seller Seller Seller Seller Seller
Commercial Invoice Seller Seller Seller Seller Seller Seller
Inland Delivery Seller Seller Seller Seller Seller Seller
Proof Of Delivery Seller Seller Seller Seller Seller Seller
Export Customs Seller Seller Seller Seller Seller Seller
Transport Document Buyer# Buyer# Seller Seller Seller Seller
Contract of Carriage and Freight Buyer Buyer Seller Seller Seller Seller
Insurance Buyer+ Buyer+ Buyer+ Seller+ Seller+ Seller+
Delivery at Destination Buyer Buyer Buyer Buyer Buyer Buyer
Import Customs Buyer Buyer Buyer Buyer Buyer Buyer

 

Recommended for All Modes of Transport
 
Term EXW FCA CPT CIP DAF DDU DDP
Description Ex Works Free Carrier Carriage Paid To Carriage & Insurance Paid To Delivered at Frontier Delivered Duty Unpaid Delivered Duty Paid
Delivery at & risk transfer Seller's Premises (not loaded) First Carrier
(not loaded)		 First Carrier First Carrier Name Frontier
(not unloaded)		 Named Frontier
(not unloaded)		 Named Place
(not unloaded)
Packing Costs Seller Seller Seller Seller Seller Seller Seller
Commercial Invoice Seller Seller Seller Seller Seller Seller Seller
Inland Delivery Buyer *Seller or Buyer Seller Seller Seller Seller Seller
Proof Of Delivery Buyer Seller Seller Seller Seller Seller Seller
Export Customs Buyer Seller Seller Seller Seller Seller Seller
Transport Document Buyer Buyer# Seller Seller Seller Seller Seller
Contract of Carriage and Freight Buyer+ Buyer Seller Seller Seller Seller Seller
Insurance Buyer+ Buyer+ Buyer+ Seller Seller+ Seller+ Seller+
Delivery at Destination Buyer Buyer Buyer Buyer Buyer Seller Seller
Import Customs Buyer Buyer Buyer Buyer Buyer Buyer Seller

A named place and the current edition of Incoterms must be stated after each of the above terms. eg.  "CIP TILBURY INCOTERMS 2000"

#Although the responsibility for obtaining these documents is the Buyer's, the Seller is required to ".. render the Buyer at the latter's request, risk and expense every assistance in obtaining.."(them).  This also applies to any other documents issued in the country of shipment / origin, which the buyer may require for exportation / importation of goods.

*For FCA terms, inland delivery costs to the port or airport of departure will be borne by the Seller if the first carrier takes delivery at the port or airport (not unloaded from vehicle) and by the Buyer if the goods are delivered to the first carrier and the Seller's premises (Seller has responsibility for loading onto Buyer's vehicle).

+Some INCOTERMS 2000 clauses indicate "No Obligation", yet have been allocated to Seller or Buyer in this chart where prudent business practice dictates their consideration.

NB:  This quick reference chart is intended as a guide only and must be used in conjunction with the International Chamber of Commerce Publication No.560 "INCOTERMS 2000"