INCOTERMS
COSTS

RISK

ALL MODES OF
TRANSPORTDESCRIPTIONEXWSELLER

BUYER

SELLER

BUYER

Ex Works

SELLER

BUYER

FCA

SELLER

BUYER

SELLER

BUYER

Free Carrier

SELLERBUYER

CPTCarriage Paid to

CIP
Carriage andInsurance Paid to

SELLERSELLER

BUYER

SELLER

BUYER
SELLERSELLER

MORE DETAILS

Freight Seller’s premises.
Risk Seller’s premises.

Seller responsible for making the goods available at the seller’s premises.
Buyer bears the full risk from there to destination.

Freight Freight handler.
Risk Freight handler.

Seller responsible for delivery to the custody of carrier, identified by the buyer.
Risk is transferred when loading has taken place.

BUYER

Freight Destination.
Risk First freight handler.

Seller delivers goods to the carrier at agreed place of delivery and pays
transport to the named destination. Risk is transferred at place of delivery,
whereas seller pays for transport to the destination.

BUYER

Freight Destination.
Risk First freight handler.

Seller delivers goods to carrier at agreed place of delivery and pays fortransport and insurance to named destination. Risk transfers at the place ofdelivery, whereas seller pays for transport and insurance to the destination.

Freight Destination.
Risk Destination.

Seller delivers goods unloaded at a specified place inside agreed terminal.
Risk is transferred as soon as goods have been unloaded.

Freight Place of destination.
Risk Arriving means oftransport at destination.

Seller delivers goods to disposal of buyer on arriving means of transport, atagreed place. Seller assumes risk until goods are made ready for unloadingfrom the arriving means of transport.

Freight Destination.
Risk Destination.

Seller responsible for bringing goods to the destination, paying any duty andmaking the goods available to buyer. Risk transfers as soon as buyer has accessto goods ready for unloading at agreed destination.

SELLER

BUYER

DATSELLER

BUYER

Delivered at
Terminal

SELLER

BUYER

SELLERBUYER

DAP

SELLER

BUYER

Delivered atPlaceSELLER

BUYER

SELLER

BUYER

DDP

SELLER

BUYER

Delivered Duty
Paid

SELLER

BUYER

SELLER

BUYER

SELLER

BUYER

Free Alongside
Ship

SELLER

BUYER

SELLER

BUYER

FOB

SELLER

BUYER

SELLER

BUYER

Free on Board

SELLER

BUYER

CFR

SELLER

BUYER

SELLER

BUYER

Cost and Freight

SELLER

BUYER

CIF

SELLER

BUYER

Cost, Insuranceand Freight

SELLER

BUYER

SELLERBUYER

SEA AND INLANDWATERWAYS

FREIGHT/RISK

BUYER

FAS

INSURANCE

Freight Shipside in port ofSeller is responsible for delivery of goods at quay alongside the ship. Fromdeparture.
this point onwards, risk lies with buyer.
Risk Shipside in port of departure.
Freight On board ship.
Risk On board ship.

Seller responsible for delivery of goods loaded on board the ship. Risk istransferred as soon as goods have been set down inside ship.

Freight Port of destination.
Risk On board ship.

Seller covers cost of freight, duty unpaid, to named port of destination. Risk
is transferred as soon as the goods have been set down inside ship.

Freight Port of destination.
Risk Port of destination.

Seller covers cost of insurance and freight, duty unpaid, to named port ofdestination. Risk is transferred as soon as the goods have been set down
inside ship.