EXW: In factory (agreed place). Any means of transport. The seller delivers the goods when he places them at the disposal of the buyer at the seller’s place of business or other named place without clearing them for export or loading them on a receiving vehicle.

FCA: Free Carrier (named place). Any means of transport. The seller delivers the goods, cleared for export, to the carrier named by the buyer at the named place. The seller is not responsible for unloading if this takes place outside his premises.

FAS: Free alongside the vessel (named port of loading). Transport by sea and inland waterways. The seller delivers when the goods are placed alongside the vessel at the named port of shipment. The seller clears the goods through customs for export.

FOB: Free on Board (named port of loading). Transport by sea and inland waterways. The seller delivers when the goods pass the ship’s rail at the named port of shipment.

CPT: Carriage Paid To (named place of destination). The seller delivers the goods to the carrier named by him but, in addition, must pay the costs of the carriage necessary to bring the goods to the named destination. The buyer assumes all risks and any other costs occurring after the goods have been so delivered. The CPT requires the seller to clear the goods for export. This term may be used irrespective of the mode of transport, including multimodal transport.

CIP: Carriage and Insurance Paid To (named place of destination). The seller delivers the goods to the carrier named by him but, in addition, must pay the costs of the carriage necessary to bring the goods to the named destination. The seller must also procure insurance against the risk, borne by the buyer, of loss of or damage to the goods during carriage. The buyer bears all risks and any other costs occurring after the goods have been so delivered. The CPT requires the seller to clear the goods for export. This term may be used irrespective of the mode of transport, including multimodal transport.

CFR: Cost and freight (named port of destination). Transport by sea and inland waterways. The seller delivers when the goods pass the ship’s rail at the named port of shipment. The seller must pay the costs and freight to the port of destination, but the risks of loss are transferred from the seller to the buyer upon delivery.

CIF: Cost, insurance and freight (named port of destination). Transport by sea and inland waterways. CIP for any type of transport. The seller delivers when the goods pass the ship’s rail at the named port of shipment. The seller must pay the costs, insurance and freight to the port of destination, but the risks of loss are transferred from the seller to the buyer upon delivery.

DES: Delivered on ship (named port of destination). Transport by sea and inland waterways. The seller delivers when he places the goods at the disposal of the buyer on board the ship at the named port of destination not cleared for import.

DEQ: Delivered on the quay (named port of destination). Transport by sea and inland waterways. The seller delivers when he places the goods at the disposal of the buyer on the quay at the named port of destination not cleared for import.

DDU: Delivered Duty Unpaid (named place of destination). Any means of transport. The seller delivers the goods when he places them at the disposal of the buyer, not cleared for import and not unloaded from the means of transport at the named place of destination.

DDP: Delivered Duty Paid (named place of destination). Any means of transport. The seller delivers the goods when he places them at the disposal of the buyer on the means of transport without unloading at the named place of destination, cleared for import.