IncoTerms

Guide to Incoterms - Presented In Four Categories

  1. E-Terms
    EXW (Ex Works)
    Seller makes goods available to buyer at own premises.
  2. F-Terms
    FCA, FAS and FOB (Free Carrier, Free Along Side, Free On Board)
    Letter "F" signifies seller must deliver goods to carrier appointed by buyer free of risk and expense to buyer. Quoted to a geographic location generally within the seller country.
  3. C-Terms
    CFR, CIF, CPT and CIP (Cost and Freight; Cost, Insurance and Freight; Carriage Paid To; Carriage, Insurance Paid To)
    Letter "C" signifies seller must bear certain costs even after point of division of risk of loss. Prices quoted to geographic location in buyer's country.
  4. D-Terms
    DAF, DES, DEQ, DDU and DDP (Delivered At Frontier, Ex Ship, Ex Quay, Duty Unpaid, Duty paid)
    Letter "D" signifies goods must arrive at stated destination. Seller bears all costs and risks to bring goods to country of destination

Service / Event : Responsible to Perform / Arrange

SERVICE / EVENT EXW FCA FAS FOB CFR CIF CPT CIP DAF DES DEQ DDU DDP
Export Pack S S S S S S S S S S S S S
Mark & Label S S S S S S S S S S S S S
Export Clearance
(license SED)		 B S S S S S S S S S S S S
Arrange Insurance B B B B B S B S S S S S S
Nominate Main Carrier B B B B B S S S S S S S S
Nominate Export Forwarder B B B B S S S S S S S S S
Arrange Pre-Carriage B B S S S S S S S S S S S
Load Pre-Carriage B S S S S S S S S S S S S
Unload Pre-Carriage B S S S S S S S S S S S S
Load Main Carrier B B B S S S S S S S S S S
Stow Main Carrier B B B B B B B B S S S S S
Unload Main Carrier B B B B B B B B B B S S S
Nominate On-Carrier B B B B B B B B B B B S S
Arrange On-Carrier B B B B B B B B B B B S S
Nominate Import Broker B B B B B B B B B B B S S
Load On-Carrier B B B B B B B B B B B S S
Import Clearance (License) B B B B B B B B B B B B S
Pay Duty, Taxes, Fees B B B B B B B B B B B B S
unload From On-Carrier B B B B B B B B B B B B B

Service / Event : Responsible To Prepare / Obtain

DOCUMENTS EXW FCA FAS FOB CFR CIF CPT CIP DAF DES DEQ DDU DDP
Commerical Invoice S S S S S S S S S S S S S
Packing List S S S S S S S S S S S S S
Export License B S S S S S S S S S S S S
Cerificate of Origin S S S S S S S S S S S S S
Pre-Carriage Inland Bill
of Lading		 B S S S S S S S S S S S S
Shippers Export Declaration (SED) B S B S S S S S S S S S S
Other Governmental
(EPA/FDA) 		B S B S S S S S S S S S S
Pier Receipt B S S S S S S S S S S S S
Main Carriage Bill of Lading
(Ocean, Air, Rail, Truck)		 B B B B S S S S S S S S S
Insurance Certificate B B B B B S B S S S S S S
Import Licence B B B B B B B B B B S B S
On Carriage Bill of Lading B B B B B B B B B B B S S
Import/Customs Entry Documents B B B B B B B B B B B B S
S = Seller Responsible B = Buyer Responsible