EXW | Ex Works | Buyer is responsible for collecting the goods at Sellers premises (named place) and accepts all costs and liabilities thereonwards. |
FCA | Free Carrier | Seller is responsible for delivering cargo to named place in their own country (eg airport or freight terminal) and Buyer accepts all costs and liabilities thereonwards. |
CPT | Carriage Paid To | Seller responsible to deliver goods to a carrier for agreed-upon destination. Buyer accepts all costs and liabilities upon delivery to first carrier. |
CIP | Carriage and Insurance paid to | Seller responsible for all risks until the goods are delivered to the first carrier at named place of shipment—not the place of destination |
DAP | Delivered at Place | Seller is responsible, all risks, for delivery of the goods to named place ready for unloading, Buyer responsible unloading |
DPU | Delivered at Place, Unloaded | Seller responsible to deliver the goods to named place at the disposal of the buyer after they've been unloaded from the arriving means of transport. |
DDP | Delivered Duty Paid | Seller responsible for all costs for delivering the goods to the named place of destination. Ie Seller pays freight, insurance, export, import formalities, taxes and dues |
FAS | Free Alongside Ship | Seller responsible for carriage and to clear goods for export and places them alongside the vessel at the named port of departure. |
FOB | Free On Board | Seller responsible for export clearance and carriage of the goods to named port of departure and loaded onto the vessel |
CFR | Cost and Freight | Seller is responsible for the delivery of the goods to a ship and loading the goods onto the ship at named place at origin and to named port of destination |
CIF | Cost Insurance and Freight | Seller responsible for delivery to named port, cleared for export, loaded on vessel as well as carriage and insurance to named port destination |