INCO Terms

The Inco terms rules are a set series of commercial terms published by the International Chamber of Commerce (ICC) that are widely used in international commercial transactions.

TERM

 

SERVICE

EXW

Ex-Works

FCA

Free Carrier

FAS

Free Alongside Ship

FOB

Free On-Board Vessel

CFR

Cost & Freight

CIF

Cost Insurance & Freight

CPT (1)

Carriage Paid to

  WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays
Warehouse storage at point of origin Seller Seller Seller Seller Seller Seller Seller
Warehose labor at point of origin Seller Seller Seller Seller Seller Seller Seller
Export packing Seller Seller Seller Seller Seller Seller Seller
Loading at point of origin Buyer Seller Seller Seller Seller Seller Seller
Inland freight Buyer Buyer (3) Seller Seller Seller Seller Seller
Port receiving charges Buyer Buyer Seller Seller Seller Seller Seller
Forwarders fee Buyer Buyer Seller (2) Seller Seller Seller Seller
Loading on ocean carrier Buyer Buyer Buyer Seller Seller Seller Seller
Ocean/Air freight charges Buyer Buyer Buyer Buyer Seller Seller Seller
Charges at foreign Port/Airport Buyer Buyer Buyer Buyer Buyer Buyer (3) Seller
Custom clearance charges, duties & taxes abroad Buyer Buyer Buyer Buyer Buyer Buyer Buyer
Delivery charges to final destination Buyer Buyer Buyer Buyer Buyer Buyer Buyer

TERM

 

SERVICE

CIP (1)

Carriage & Insurance Paid To

DAF

Delivery at Frontier

DES

Delivered Ex-Ship

DEQ

Delivered Ex-Quay, Duty Unpaid

DDU

Delivered Duty Unpaid

DDP

Delivered Duty Paid

  WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays
Warehouse storage at point of origin Seller Seller Seller Seller Seller Seller
Warehose labor at point of origin Seller Seller Seller Seller Seller Seller
Export packing Seller Seller Seller Seller Seller Seller
Loading at point of origin Seller Seller Seller Seller Seller Seller
Inland freight Seller Seller Seller Seller Seller Seller
Port receiving charges Seller Seller Seller Seller Seller Seller
Forwarders fee Seller Seller Seller Seller Seller Seller
Loading on ocean carrier Seller Seller Seller Seller Seller Seller
Ocean/Air freight charges Seller Seller Seller Seller Seller Seller
Charges at foreign Port/Airport Seller Seller Buyer Seller Seller Seller
Custom clearance charges, duties & taxes abroad Buyer Buyer Buyer Buyer (4) Buyer Seller
Delivery charges to final destination Buyer Buyer Buyer Buyer Seller Seller

(1) Risk of loss or damage is transferred from Seller to Buyer when the goods have been
delivered to the carrier.

(2) Payment of the Freight Forwarders Fees can be controversial,
depending on the Contract of Sale.

(3) Responsibility may be either the Buyer or the Seller.

(4) Marked boxes reflect changes under Incoterms 2000.

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