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Incoterms 2010 Chart

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Incoterms 2010 Chart
EXW
„Ex Works“ means that the seller delivers when it places the goods at the disposal of the buyer at the seller‘s premises or at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.

Basic overview of Incoterms® 2010

FCA
„Free Carrier“ means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller‘s premises or another named place.
The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.

Ocean freight
Seller's
premises

“Prepaid” terms

“Collect” terms

EXW Ex Works

FCA

FOB

Carrier's terminal at origin

Ship‘s rail port of origin

Ship‘s rail port of destination

Named Terminal

named place

Free Carrier

named place

Free On Board

named port of shipment

Free Alongside Ship
(Ocean freight only)

named port of shipment

CFR

Cost and Freight
(Ocean freight only)

named port of shipment

CIF

Cost, Insurance and Freight
(Ocean freight only)

named port of destination

CPT

Carriage Paid To

named place of destination

CIP

Carriage and Insurance Paid to

named place of destination

DAT

Delivered At Terminal

named place of destination

DAP

Delivered At Place

named place of destination

DDP Delivered Duty Paid

CFR (applicable to ocean freight)
„Cost and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.
CIF (applicable to ocean freight)
„Cost, Insurance and Freight“ means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of

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