| 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. |
