INCOTERMS - International Sales Terms Summary

Aug 26, 2005 (Updated Apr 27, 2010) Cellpex, United States, Ohio - admin

The commercial terms are a series of international sales terms widely used throughout the world. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices. They closely correspond to the U.N. Convention on Contracts for the International Sale of Goods.
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Summary of Terms:

  Load to truck     Export- duty payment   Transport to exporter's port            Unload from truck at the origin's port           Landing charges at origin's port          Transport to import's port  Landing charges at importer's port Unload onto trucks
from the importers port          
Transport to destination  Insurance  Entry - Customs clearance  Entry - Duties and Taxes
EXW     No No No No No No No No No No No No
FCA Yes Yes Yes No No No No No No No No No
FAS Yes Yes Yes Yes No No No No No No No No
FOB Yes Yes Yes Yes Yes No No No No No No No
CFR Yes Yes Yes Yes Yes Yes No No No No No No
CIF Yes Yes Yes Yes Yes Yes No No No Yes No No
CPT Yes Yes Yes Yes Yes Yes No No No No No No
CIP Yes Yes Yes Yes Yes Yes No No No Yes No No
DAF Yes Yes Yes Yes Yes Yes No No No No No No
DES Yes Yes Yes Yes Yes Yes No No No Yes No No
DEQ Yes Yes Yes Yes Yes Yes Yes No No Yes No No
DDU Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes No No
DDP Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes