International Organisation of Tariff and Transport Experts


Incoterms 2010

 

RULES FOR ANY MODE OR MODES OF TRANSPORT

 

EXW Ex Works

“Ex Works” means that the seller delivers when it places the goods at the disposal of the buyer at the seller’s premises or at another named place (i.e.,works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.

 

FCA Free Carrier

“Free Carrier” means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.

 

CPT Carriage Paid To

“Carriage Paid To” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.

 

CIP Carriage And Insurance Paid To

“Carriage and Insurance Paid to” means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.

‘The seller also contracts for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIP the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements.”

 

DAT Delivered At Terminal

“Delivered at Terminal” means that the seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. “Terminal” includes a place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.

 

DAP Delivered At Place

“Delivered at Place” means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. The seller bears all risks involved in bringing the goods to the named place.

 

DDP Delivered Duty Paid

“Delivered Duty Paid” means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities.

 

RULES FOR SEA AND INLAND WATERWAY TRANSPORT

 

FAS Free Alongside Ship

“Free Alongside Ship” means that the seller delivers when the goods are placed alongside the vessel (e.g., on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.

 

FOB Free On Board

“Free On Board” means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.

 

CFR Cost and Freight

“Cost and Freight” means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.

 

CIF Cost, Insurance and Freight

“Cost, Insurance and Freight” means that the seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.

‘The seller also contracts for insurance cover against the buyer’s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIF the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements.”

Afghanistan

Albania

Algeria

Andorra

Angola

Antigua and Barbuda

Argentina

Armenia

Australia

Azerbaijan

The Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgien

Belize

Benin

Bhutan

Bolivia

Bosnia and Herzegovina

Botswana

Brazil

Brunei Darussalam

Bulgaria

Burkina Faso

Burundi

Chili

People's Republic of China

Cook Islands

Costa Rica

Denmark

Northkorea

Germany

Dominican Republic

Dominica

Djibouti

El Salvador

Côte d'Ivoire

Ecuador

Egypt

Equatorial Guinea

Eritrea

Estonia

Ethiopia

Fiji

Finland

France

Gabon

Gambia

Georgia

Ghana

Grenada

Greece

Guatemala

Guinea

Guinea-Bissau

Guyana

Haiti

Honduras

India

Indonesia

Iraq

Iran

Ireland

Iceland

Israel

Italy

Jamaica

Japan

Yemen

Jordan

Cambodia

Cameroon

Canada

Cape Verde

Kazakhstan

Qatar

Kenya

Kiribati

Colombia

Comoros

Congo

Dem. Rep. Congo

Croatia

Cuba

Kuwait

Kyrgyzstan

Laos

Lesotho

Latvia

Lebanon

Liberia

Libya

Liechtenstein

Lithuania

Luxembourg

Madagascar

Malawi

Malaysia

Maldives

Mali

Malta

Morocco

Marshall Islands

Mauritania

Mauritius

Republic of Macedonia

Mexico

Micronesia

Monaco

Mongolia

Montenegro

Mozambique

Myanmar

Namibia

Nauru

Nepal

New Zeeland

Nicaragua

Netherlands

Niger

Nigeria

Niue

Norway

Oman

Austria

East Timor

Pakistan

Panama

Papua New Guinea

Paraguay

Peru

Philippines

Poland

Portugal

Moldova

Rwanda

Romania

Russia

Saint Kitts and Nevis

Saint Lucia

Salomones

Sambia

Samoa

San Marino

Sao Tome and Principe

Saudi Arabia

Switzerland

Senegal

Serbia

Seychelles

Sierra Leone

Singapore

Slovakia

Slovenia

Somalia

Spain

Sri Lanka

St. Vincent and the Grenadines

South Africa

Sudan

South Sudan

Southkorea

Suriname

Swaziland

Sweden

Syria

Tajikistan

Tansania

Thailand

Togo

Tonga

Trinidad and Tobago

Chad

Czech Republic

Tunisia

Turkey

Turkmenistan

Tuvalu

Uganda

Ukraine

Hungary

Uruguay

Uzbekistan

Vanuatu

Vatican City

Venezuela

United Arab Emirates

United Staates

United Kingdom

Vietnam

Central African Republic

Zimbabwe

Republic of Cyprus

European Union