FORWARDERS POLICIES INCOTERMS SHIPPING INFORMATION  
 
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INCOTERMS > SUMMARY
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SUMMARY – THE 13 INCOTERMS
 

Below is a summary of the 13 INCOTERMS defined by the International Chamber of Commerce. For more details click on the Definitions tab above.
 

 

EXW - Ex-Works

 

 
Named place where shipment is available to the buyer, not loaded.
The seller will not contract for any transportation.
International Carriage NOT Paid by Seller.
 

 

FCA - Free Carrier

 

 
Unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.
This term can be used for any mode of transport.
 

 

FAS - Free Alongside Ship

 

 
Named ocean port of shipment.
Ocean shipments that are NOT containerized.
 

 

FOB - Free On Board vessel

 

 
Named ocean port of shipment.
This term is used for ocean shipments only where it is important that the goods pass the ship's rail.
International Carriage Paid by the Seller.
 

 

CFR - Cost and Freight

 

 
Named ocean port of destination.
This term is used for ocean shipments that are not containerized.
 

 

CIF - Cost, Insurance and Freight

 

 
Named ocean port of destination.
This term is used for ocean shipments that are not containerized.
 

 

CPT - Carriage Paid To

 

 
Named place or port of destination.
This term is used for air or ocean containerized and roll-on roll-off shipments.
 

 

CIP - Carriage and Insurance Paid To

 

 
Named place or port of destination.
This term is used for air or ocean containerized and roll-on roll-off shipments.
Arrival At Stated Destination.
 

 

DAF - Delivered At Frontier

 

 
Named place of destination, by land, not unloaded.
This term is used for any mode of transportation but must be delivered by land.
 

 

DES - Delivered Ex-Ship

 

 
Named port of destination, not unloaded.
This term is used for ocean shipments only.
 

 

DEQ - Delivered Ex-Quay

 

 
Named port of destination, unloaded, not cleared.
This term is used for ocean shipments only.
 

 

DDU - Delivered Duty Unpaid

 

 
Named place of destination, not unloaded, not cleared.
This term is used for any mode of transportation.
 

 

DDP - Delivered Duty Paid

 

 
Named place of destination, not unloaded, cleared.
This term is used for any mode of transportation.
 

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