|
The following are the Incoterms 2000
which are generally used : |
| |
| :: Origin Terms |
| |
 EXW
(Ex-Works) |
The
title and risk passes on to the buyer
including the payment of all
transportation and insurance cost from
the seller's point. It can be used for
any mode of transport. |
| |
| :: International Carriage Not Paid by
Seller |
| |
| FCA
(Free Carrier) |
The
title and risk passes on to the buyer
including the transportation and
insurance cost if the seller delivers
the goods cleared for export to the
carrier. In this case the seller is
obligated to load the goods on the
buyer's collecting vehicle but it is the
buyer's obligation to receive the
seller's arriving vehicle unloaded. |
| |
| FAS
(Free Alongside Ship) |
The
title and risk passes on to the buyer,
included
the transportation and insurance
payment, once the goods delivered
alongside shipby the seller. It is only used for the
sea or inland waterway transportation
and
the export clearance obligation rests
with the seller. |
| |
FOB
(Free On Board) |
In
FOB the risk passes to buyer, included
the transportation and insurance
payment, once delivered on board the
ship by the seller. It is only used for
sea or inland waterway transportation. |
| |
| :: International Carriage Paid by the
Seller |
| |
| CFR
(Cost and Freight) |
The
title, risk and the insurance cost
passes on to the buyer if delivered on
board the ship by seller who paid the
transportation cost to the destination
point. It is only used for sea or inland
waterway transportation. |
|
| CIF
(Cost, Insurance and Freight) |
The
title and risk passes on to the buyer if
delivered on board the ship by the
seller who paid the transportation and
insurance cost to the destination port.
It is used for sea or inland waterway
transportation. |
|
| CPT
(Carriage Paid To) |
The
title, risk and insurance cost passes to
the buyer if the goods delivered to
carrier by the seller who pays
transportation cost to the destination.
It can be used for any mode of
transportation. |
|
| CIP
(Carriage and Insurance Paid To) |
The
title and risk passes to the buyer if
the goods are delivered to carrier by
the seller and he pays transportation
and insurance cost to destination. It
can be used for any mode of
transportation. |
| |
| :: Arrival At Stated Destination |
| |
| DAF
(Delivered at Frontier) |
The
title, risk and responsibility for the
import clearance passes on to the buyer
if the goods are delivered to named
border point by the seller. It can be
used for any mood of transportation. |
| |
| DES
(Delivered Ex Ship) |
The
title, risk, responsibility for the
vessel discharge and the import
clearance passes on to the buyer when
the seller delivers it on board the ship
to destination port. It is used for sea
or inland waterway transportation. |
| |
| DEQ
(Delivered Ex Quay - Duty Paid) |
The
title and risk passes to the buyer if
the goods are delivered on board the
ship at the destination point by the
seller who on his part delivers the
goods on dock at the destination point
cleared for import. It is used for sea
or inland waterway transportation. |
| |
| DDU
(Delivered Duty Unpaid) |
The
title, risk and responsibility of the
import clearance passes on to the buyer
if the seller delivers the goods to
named destination point. It can be used
for any mode of transportation. Here the
buyer is obligated for import clearance. |
| |
| DDP
(Delivered Duty Paid) |
The
title and risk passes on to the buyer
when the seller delivers the goods to
the named destination point cleared for
the import. It is also used for any mode
of transportation. |
Note
:- EXW, CPT, CIP, DAF, DDU and DDP are
used for any mode of transportation
whereas the |
incoterms FAS, FOB, CFR, CIF, DES, and
DEQ are used for sea and inland
waterway. |
