Page 22 - Turners Shipping Glossary of Terms
P. 22

INCOTERMS DATASHEET

                               Seller            Carrier       Port  Ship     Port  Terminal Named Place Buyer

                          EXW

                               EX WORKS

                          FCA

                               FREE CARRIER

All transport types       CPT

                               CARRIAGE PAID TO

                          CIP

                               CARRIAGE AND INSURANCE PAID TO

                          DAT

                               DELIVERED AT TERMINAL

                          DAP

                               DELIVERED AT PLACE

                          DDP

                               DELIVERED DUTY PAID

                          FAS

Sea and Inland transport       FREE ALONGSIDE SHIP

                          FOB

                               FREE ON BOARD

                          CFR

                               COST AND FREIGHT

                          CIF

                               COST, INSURANCE AND FREIGHT

	 Seller bears cost		 Seller bears risk			 Seller must take out transport insurance

	 Buyer bears cost		 Buyer bears risk

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