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INCOTERMS 2000

(International Commercial Terms)

 

 

The Incoterms were created by ICC ( the International Chamber of Commerce ) and regulate the rights and obligations of buyers and sales representatives in international commodity handling. They can be obtained from the ICC committee in your country.

The Incoterms are grouped in four categories:

 

E-Terms

EXW Ex Works (… named place)

 

F-Terms

FCA Free Carrier (... named place)
FAS Free Alongside Ship (... named port of shipment)
FOB Free On Board (... named port of shipment)

 

C-Terms

CFR Cost and Freight (... named port of destination)
CIF Cost Insurance and Freight (... named port of destination)
CPT Carriage Paid To (... named place of destination)
CIP Carriage and Insurance Paid To (... named place of destination)

 

D-Terms

DAF Delivered At Frontier (... named place)
DES Delivered Ex Ship (... named port of destination)
DEQ Delivered Ex Quay (... named port of destination)
DDU Delivered Duty Unpaid (... named place of destination)
DDP Delivered Duty Paid (... named place of destination)

 


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