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    Basic Overview Incoterms

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    mansur ahmed
    This document provides a quick overview of Incoterms® 2010 rules, which illustrate responsibilities between buyers and sellers for costs and risk of delivery under various international and domestic sales contracts. It defines several common shipping terms and indicates whether they require the seller or buyer to pay delivery costs and arrange cargo insurance. More information on Incoterms® can be found on the International Chamber of Commerce website.

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    Basic Overview Incoterms

    Uploaded by

    mansur ahmed
    38 views2 pages
    This document provides a quick overview of Incoterms® 2010 rules, which illustrate responsibilities between buyers and sellers for costs and risk of delivery under various international and domestic sales contracts. It defines several common shipping terms and indicates whether they require the seller or buyer to pay delivery costs and arrange cargo insurance. More information on Incoterms® can be found on the International Chamber of Commerce website.

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    This document provides a quick overview of Incoterms® 2010 rules, which illustrate responsibilities between buyers and sellers for costs and risk of delivery under various international and domestic sales contracts. It defines several common shipping terms and indicates whether they require the seller or buyer to pay delivery costs and arrange cargo insurance. More information on Incoterms® can be found on the International Chamber of Commerce website.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    38 views2 pages

    Basic Overview Incoterms

    Uploaded by

    mansur ahmed
    This document provides a quick overview of Incoterms® 2010 rules, which illustrate responsibilities between buyers and sellers for costs and risk of delivery under various international and domestic sales contracts. It defines several common shipping terms and indicates whether they require the seller or buyer to pay delivery costs and arrange cargo insurance. More information on Incoterms® can be found on the International Chamber of Commerce website.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Basic overview of the

    Incoterms® 2010 rules


    This guide is designed to give you a
    quick overview of the Incoterms®
    rules frequently used worldwide in
    international and domestic contracts,
    illustrating responsibilities between
    buyer and seller for costs and risk,
    as well as cargo insurance.

    ”Incoterms” is a registered trademark


    of the International Chamber of
    Commerce.

    Read more about Incoterms® rules


    from the official International
    Chamber of Commerce (ICC)
    website. You can also order the
    “Incoterms® 2010” publication and
    sign up for online training on the
    Incoterms® rules at
    www.iccwbo.org.
    Basic overview of the
    Incoterms® 2010 rules

    Seller's premises Carrier's terminal Loaded on board Unloaded from Named Terminal Buyer's
    at origin of vessel at port vessel at port of (consignee)
    of origin destination premises

    EXW EX Works named place of delivery


    "Collect" terms

    FCA Free Carrier named place of delivery

    FOB Free On Board named port of shipment


    (Ocean freight only)
    FAS Free Along Side named port of shipment
    (Ocean freight only)

    CFR Cost and Freight named port of destination


    (Ocean freight only)
    CIF Cost Insurance and Freight named port of destination

    CPT Carriage Paid To named place of destination


    "Prepaid" terms

    CIP Carriage and Insurance Paid To named place of destination

    DAT Delivered At Terminal named terminal or place of


    destination
    DAP Delivered At Place named place of destination

    DDP Delivered Duty Paid named place of destination

    Legend
    Seller's cost
    Buyer's (consignee) cost
    Seller's risk
    Buyer's (consignee) risk
    Seller's obligation to arrange cargo insurance

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