INCOTERMS 2010 are grouped into two classes:

1. TERMS FOR ANY TRANSPORT MODE

EXW - EX WORKS (... named place of delivery)
o The Seller's only responsibility is to make the goods available at the Seller's premises. The Buyer bears full costs and risks of moving the goods from there to destination.

FCA - FREE CARRIER (... named place of delivery)
o The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at the Seller's premises. From that point, the Buyer bears the costs and risks of moving the goods to destination.

CPT - CARRIAGE PAID TO (... named place of destination)
o The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage.

CIP - CARRIAGE AND INSURANCE PAID TO (... named place of destination)
o The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage. The Seller, however, purchases the cargo insurance.

DAT - DELIVERED AT TERMINAL (... named terminal at port or place of destination)
o The Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the Buyer's disposal at a named terminal at the named port or place of destination. "Terminal" includes any place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The Seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.

DAP - DELIVERED AT PLACE (... named place of destination)
o The Seller delivers when the goods are placed at the Buyer's disposal on the arriving means of transport ready for unloading at the names place of destination. The Seller bears all risks involved in bringing the goods to the named place.

DDP - DELIVERED DUTY PAID (... named place)
o The Seller delivers the goods -cleared for import - to the Buyer at destination. The Seller bears all costs and risks of moving the goods to destination, including the payment of Customs duties and taxes.

2. MARITIME-ONLY TERMS

FAS - FREE ALONGSIDE SHIP (... named port of shipment)
o The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks of loss or damage.

FOB - FREE ON BOARD (... named port of shipment)
o The Seller delivers the goods on board the ship and clears the goods for export. From that point, the Buyer bears all costs and risks of loss or damage.

CFR - COST AND FREIGHT (... named port of destination)
o The Seller clears the goods for export and pays the costs of moving the goods to destination. The Buyer bears all risks of loss or damage.

CIF - COST INSURANCE AND FREIGHT (... named port of destination)
o The Seller clears the goods for export and pays the costs of moving the goods to the port of destination. The Buyer bears all risks of loss or damage. The Seller, however, purchases the cargo insurance.

Incoterms® 2010 Rules
Chart of Responsibility
  Any Transport Mode Sea/Inland Waterway Transport Any Transport Mode
EXW FCA FAS FOB CFR CIF CPT CIP DAT DAP DDP
Charges/Fees Ex Works Free
Carrier
Free
Alongside
Ship
Free On
Board
Cost &
Freight
Cost
Insurance
& Freight
Carriage
Paid To
Carriage
Insurance
Paid To
Delivered
at Terminal
Delivered
at Place
Delivered
Duty Paid
Packaging Buyer or Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Loading Charges Buyer Seller* Seller Seller Seller Seller Seller Seller Seller Seller Seller
Delivery to Port /
Place
Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Export Duty &
Taxes
Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Origin Terminal
Charges
Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller
Loading on
Carriage
Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller
Carriage Charges Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller
Insurance           Seller   Seller      
Destination
Terminal
Charges
Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller
Delivery to
Destination
Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller
Import Duty &
Taxes
Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller
  * Seller is responsible for loading charges, if the terms state FCA at seller’s facility.
This chart is designed to provide a basic level of understanding of Incoterms® 2010 Rules and Definitions.
For a fuller explanation of the trade terms refer to the ICC website

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