Incoterms are used for determining the costs and risks between buyers and sellers in the international trade.
Incoterms define the rights and obligations of the seller and the buyer regarding supply and transport documents, the risk transition between salesman and buyer, as well as the cost division between salesmen and buyers.
Incoterms are valid only if they were expressly contractually agreed upon and in the sales contract or eg. in offers, general sales conditions, orders, order confirmations, etc. mentioned or are held in a separate declaration/agreement.
|Incoterms||Description||Place of delivery|
|EXW||Ex works||Factory of the salesman|
|FCA||Free carrier||Place of the transfer to the carrier|
|FAS||Free alongside ship||Alongside sea-going vessel in shipping port|
|FOB||Free on board||Sea-going vessel in shipping port|
|CFR||Cost and Freight||Sea-going vessel in shipping port|
|CIF||Cost, Insurance and Freight||Sea-going vessel in shipping port|
|CPT||Carriage paid to||Place of transfer to the first carrier|
|CIP||Carriage and insurance paid to||Place of transfer to the first carrier|
|DAF||Delivered at frontier||Destination at the border|
|DES||Delivered ex ship||Vessel in port of arrival|
|DEQ||Deliverd ex quay (duty paid)||Dock of the port of arrival|
|DDU||Delivered duty unpaid||Destination|
|DPP||Delivered duty paid||Destination|