INCOTERMS 2010

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The following chart summarizes the responsibilities of both the buyer and seller for each of the current 11 Incoterms. In addition, a definition for each term is included at the bottom of the page.

The 11 Incoterms

Origin Terms

EXW -Ex-Works, named place where shipment is available to the buyer, not loaded.
The seller will not contract for any transportation.

International Carriage NOT Paid by Seller

FCA -Free Carrier, unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.
This term is used for any mode of transportation.

FAS -Free Alongside ship, named ocean port of shipment.
This term can be used only for sea or inland waterway transport.

FOB -Free On Board vessel, named ocean port of shipment.
This term can be used only for sea or inland waterway transport.

International Carriage Paid by the Seller

CFR -Cost and Freight, Named ocean port of destination.
This term can be used only for sea and inland waterway transport.

CIF -Cost, Insurance and Freight, named ocean port of destination.
This term can be used only for sea and inland waterway transport.

CPT -Carriage Paid To, named place or port of destination..
This term may be used irrespective of the mode of transport including multimodal transport.

CIP -Carriage and Insurance Paid To, named place or port of destination.
This term may be used irrespective of the mode of transport, including multimodal transport.

Arrival At Stated Destination

DDP -Delivered Duty Paid, named place of destination, not unloaded, cleared.
This term is used for any mode of transportation.

DAT -Delivered at Terminal.
This term is used for any mode of transportation.

DAP -Delivered at Place.
This term is used for any mode of transportation.