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.

IncotermsDescriptionPlace of delivery
EXWEx worksFactory of the salesman
FCAFree carrierPlace of the transfer to the carrier
FASFree alongside shipAlongside sea-going vessel in shipping port
FOBFree on boardSea-going vessel in shipping port
CFRCost and FreightSea-going vessel in shipping port
CIFCost, Insurance and FreightSea-going vessel in shipping port
CPTCarriage paid toPlace of transfer to the first carrier
CIPCarriage and insurance paid toPlace of transfer to the first carrier
DAFDelivered at frontierDestination at the border
DESDelivered ex shipVessel in port of arrival
DEQDeliverd ex quay (duty paid)Dock of the port of arrival
DDUDelivered duty unpaidDestination
DPPDelivered duty paidDestination