Incoterms

 Incoterms Explained

EXW (Ex Works): Seller provides goods at their premises; buyer assumes all costs and risks from there. FCA (Free Carrier): Seller delivers goods to the buyer’s chosen carrier at a specified location; buyer takes over from that point. FOB (Free On Board): Seller loads goods onto the buyer’s designated vessel at the named port; risk transfers upon loading. CFR (Cost and Freight): Seller covers transport costs to the destination port, but the buyer assumes risk once shipped. CIF (Cost, Insurance, and Freight): Like CFR, but the seller also pays for basic insurance. DAT (Delivered at Terminal): Seller delivers goods to a specified terminal; buyer manages unloading and further costs. DAP (Delivered at Place): Seller delivers to a named location; buyer handles unloading and final expenses. DDP (Delivered Duty Paid): Seller delivers to the buyer’s location, covering all duties and customs clearance.

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