Incoterms

The Incoterms rules explain a set of three-letter trade terms reflecting business-to-business practice in contracts for the sale of goods. The Incoterms rules describe mainly the tasks, costs and risks involved in the delivery of goods from sellers to buyers.

INCOTERMS 2010

  • EX WORKS

    “Ex Works” means that the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises ot at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicles, nor does it need to clear the goods for export, [...]

  • FREE CARRIER

    “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 [...]

  • CARRIAGE PAID TO

    “Carriage Paid To” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between the parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place [...]

  • CARRIAGE AND INSURANCE PAID TO

    “Carriage and Insurance Paid to” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between the parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the [...]

  • DELIVERED AT TERMINAL

    “Delivered at Terminal” means that the seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. “Terminal” includes any place, whether covered or not, such as quay, warehouse, container yard or road, [...]

  • DELIVERED AT PLACE

    “Delivered at Place” means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. The seller bears all risks involved in bringing the goods to the name place. The parties are well advised to specify [...]

  • DELIVERY DUTY PAID

    This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. “Delivery Duty Paid” means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of [...]

  • FREE ALONGSIDE SHIP

    This rule is to be used only for sea or inland waterway transport. “Free Alongside Ship” means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss or of damage to the [...]

  • FREE ON BOARD

    This rule is to be used only for sea or inland waterway transport. “Free on Board” means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss or of damage to the goods passes [...]

  • COST AND FREIGHT

    This rule is to be used only for sea or inland waterway transport. “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 or of damage to the goods passes when the goods are on board the vessel. The seller [...]