| CFR |
| Shipping Terms: |
Cost and freight (…named port of destination) |
|
| Responsibilities of Sellers: |
Same as FOB plus payment of freight charges |
|
| Responsibilities of Buyers: |
Pay insurance premium, bear all costs and
risks after
goods are on board the vessel.
|
|
| CIF |
| Shipping Terms: |
Cost,
insurance and freight (…named
port of destination) |
|
| Responsibilities of Sellers: |
CFR plus arrangement for insurance of goods,
pay
insurance premium.
|
|
| Responsibilities of Buyers: |
Bear any additional costs and risks after
goods are on
board the vessel.
|
|
| CIP |
| Shipping Terms: |
Carrier & insurance paid to (…named
place of destination) |
|
| Responsibilities of Sellers: |
Same as CPT plus arrangement of insurance
for goods and
pay premium.
|
|
| Responsibilities of Buyers: |
Bear the risks after goods are passed to first
carrier. |
|
| CPT |
| Shipping Terms: |
Carriage paid to (…named place
of destination) |
|
| Responsibilities of Sellers: |
Pay freight for bringing goods to named destination,
deliver goods to first carrier, cleared for export.
|
|
| Responsibilities of Buyers: |
Bear costs and risks after goods are passed
to first carrier,
pay for insurance premium.
|
|
| DAF |
| Shipping Terms: |
Delivered at frontier (…named place) |
|
| Responsibilities of Sellers: |
Deliver goods to land frontier but before
the custom
border of adjoining country, on the arriving means of
transport not unloaded, cleared for export.
|
|
| Responsibilities of Buyers: |
Pay for on-carriage, obtain import licence
and pay import
duties.
|
|
| DDP |
| Shipping Terms: |
Delivered duty paid (…named place
of destination) |
|
| Responsibilities of Sellers: |
Deliver goods to buyer on any arriving means
of transport
not unloaded at the destination, cleared for import.
|
|
| Responsibilities of Buyers: |
Take delivery of goods at named destination. |
|
| DDU |
| Shipping Terms: |
Delivered duty unpaid (…named place
of destination) |
|
| Responsibilities of Sellers: |
Deliver goods to buyer on any arriving means
of transport
not unloaded at the destination, not cleared for import.
|
|
| Responsibilities of Buyers: |
Take delivery of goods at named destination
and pay
import duties. |
|
| DEQ |
| Shipping Terms: |
Delivered Ex-Quay(…named port of
destination) |
|
| Responsibilities of Sellers: |
Make goods available on the quay at destination,
bear all
costs and risks until discharging of goods on the quay
(wharf).
|
|
| Responsibilities of Buyers: |
Take delivery of goods from the quay, pay
all formalities,
duties, taxes and/or other charges upon import.
|
|
| DES |
| Shipping Terms: |
Delivered Ex-Ship (…named port
of destination) |
|
| Responsibilities of Sellers: |
Deliver goods on board the vessel at destination,
bear all
costs and risks before discharging.
|
|
| Responsibilities of Buyers: |
Pay discharge costs, import duties, obtain
import licence. |
|
| EXW |
| Shipping Terms: |
Ex-works (…named place) |
|
| Responsibilities of Sellers: |
Deliver the goods at their own premises not
cleared for
export and not loaded on any collecting vehicles.
|
|
| Responsibilities of Buyers: |
Make all arrangements at his own cost and
risk to take
goods to their destination.
|
|
| FAS |
| Shipping Terms: |
Free alongside ship (…named port
of shipment) |
|
| Responsibilities of Sellers: |
Deliver goods alongside the vessel, cleared
for export. |
|
| Responsibilities of Buyers: |
Bear all costs and risks from that moment,
pay freight and
insurance premium.
|
|
| FCA |
| Shipping Terms: |
Free carrier (…named place) |
|
| Responsibilities of Sellers: |
Deliver the goods to the carrier at a named
place,
responsible for loading if at own premises, not responsible
for unloading at other places, cleared for export.
|
|
| Responsibilities of Buyers: |
Contract for the carriage, pay freight, nominate
carrier and
pay insurance premium.
|
|
| FOB |
| Shipping Terms: |
Free on board (…named port of shipment) |
|
| Responsibilities of Sellers: |
Deliver goods on board the vessel and pay
export taxes
and customs.
|
|
| Responsibilities of Buyers: |
Pay freight and insurance premium, bear all
costs and
risks after goods are on board the vessel.
|
|
