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.