DDP Delivered Duty Paid
Cost of delivery, including duty, paid up to a named place in the country of importation. Applies to all modes of transport.
DAT Delivered at Terminal
Seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal. Applies to all modes of transport.
DAP Delivered at Place
Seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the point that the goods are ready for unloading by the buyer. Applies to all modes of transport.
CIP Carriage and Insurance Paid
Costs of carriage and insurance of the goods, duty unpaid to the named destination. Applies to all modes of transport.
CPT Carriage Paid To
As for CIP, except that the cost of insurance is carried by the buyer.
CIF Cost, Insurance and Freight
Cost of goods plus insurance and freight, duty unpaid, to a named port of destination. Sea or inland waterway transport only.
CFR Cost and Freight
As for CIF except that the cost of insurance is covered by the buyer.
FOB Free on Board
All costs up to delivery over the ship’s rail at the named port of shipment. Sea or inland waterway transport only.
FAS Free Alongside Ship
All costs up to delivery on quay or in lighters at the named port of shipment. Sea or inland waterway transport only.
FCA Free Carrier
Costs of delivery, cleared for export, into the charge of the carrier named by the buyer at the named place or point. Applied mostly to air and rail transport but could be used for all modes.
The goods are made available to the buyer at the exporter’s premises, suitably packed unless otherwise arranged for a known means of transport.
Incoterms 2010 will not apply unless incorporated into the contract of sale by clearly specifying that the contract is governed by Incoterms 2010.
Copies of INCOterms 2010 (ICC publication No.715) and the ICC Guide to INCOterms 2010 (ICC publication No. 720) can be obtained from:
38 Cours Albert 1st,
75008 Paris, France.
Tel: +33 1 49 53 28 28
Fax: +33 1 49 53 28 59
For more information on INCOterms please go to www.incoterms.org