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  Incoterms

DESCRIPTION FREIGHT/RISK MORE DETAILS
EXW
Ex Works
Freight: Seller's premises.
Risk: Seller's premises.
Seller is only responsible for making the goods available at the seller's premises. The buyer bears the full risk from there to the destination.
FCA
Free Carrier
Freight: Freight handler.
Risk: Freight handler.
Seller is only responsible for delivery to the custody of the carrier, which is provided buy the buyer. Risk is transferred as soon as loading has taken place.
CPT
Carriage Paid to
Freight: Destination.
Risk: First freight handler.
Seller delivers the good to the carrier at an agreed place of delivery and pays for transport to the named destination. Risk is transferred at the place of delivery, whereas seller pays for transport to the destination
CIP
Carriage & Insurance Paid to
Freight: Destination.
Risk: First freight handler.
Seller delivers the good to the carrier at an agreed place of delivery and pays for transport and insurance to the named destination. Risk is transferred at the place of delivery, whereas seller pays for transport and insurance to the destination
DAT
Deliver at Terminal
Freight: Destination.
Risk: Destination.
Seller delivers the goods unloaded at a specified place inside the agreed terminal. Risk is transferred as soon as the goods have been unloaded.
DAP
Delivered at place
Freight: Place of destination.
Risk: Arriving means of transport at destination.
Seller delivers the goods to the disposal of the buyer on the arriving means of transport at the agreed place. Seller assumes the risk until the goods are made ready for unloading from the arriving means of transport.
DDP
Delivered Duty Paid
Freight: Destination.
Risk: Destination.
Seller is responsible for bringing the goods to the destination, paying any duty and making the goods available to the buyer. Risk is transferred as soon as the buyer has access to the goods ready for unloading at the agreed destination.
FAS
Free Alongside Ship
Freight: Shipside in port of departure.
Risk: Shipside in port of departure.
Seller is responsible for delivery of the goods at the guay alongside the ship. From this point onwards, risk lies with the buyer.
FOB
Free On Board
Freight: On board ship.
Risk: On board ship.
Seller is only responsible for delivery of the goods loaded on board the ship. Risk is transferred as soon as the goods have been set down inside the ship.
CFR
Cost and Freight
Freight: Port of destination.
Risk: On board ship.
Seller covers cost of freight, duty unpaid, to the named port of destination. Risk is transferred as soon as the goods have been set down inside the ship.
CIF
Cost, Insurance and Freight
Freight: Port of destination.
Risk: Port of destination.
Seller covers cost of insurance and freight, duty unpaid, to the named port of destination. Risk is transferred as soon as the goods have been set down inside the ship.