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EXW (Ex Works):
The seller makes the goods available for pickup at their premises or another named place (factory, warehouse, etc.).
The buyer is responsible for all transportation costs, risks, and customs clearance.
FOB (Free On Board):
The seller is responsible for the cost and risk of delivering goods to the named port of shipment.
Once the goods are on board the vessel, the risk transfers to the buyer.
The buyer is responsible for the main carriage costs, unloading, and transportation from the port of discharge.
CIF (Cost, Insurance, and Freight):
The seller is responsible for the cost, insurance, and freight of delivering goods to the named port of destination.
The risk transfers to the buyer once the goods are on board the vessel.
The seller arranges and pays for insurance coverage for the buyer.
DDP (Delivered Duty Paid):
The seller is responsible for delivering the goods to the named place of destination.
The seller bears all costs and risks, including customs duties and taxes, until the goods are delivered to the buyer's premises.
CPT (Carriage Paid To):
The seller pays for the carriage of goods to the named destination.
Once the goods are handed over to the carrier, the risk transfers to the buyer.
DAP (Delivered at Place):
The seller is responsible for delivering the goods to the named place of destination.
The seller bears all risks and costs until the goods are ready for unloading by the buyer.
DAT (Delivered at Terminal):
Similar to DAP, but the seller delivers the goods to a named terminal rather than a specific place.
CFR (Cost and Freight):
The seller is responsible for the cost and risk of delivering goods to the named port of destination.
The buyer is responsible for unloading, transportation from the port of discharge, and all other costs.
The seller makes the goods available for pickup at their premises or another named place (factory, warehouse, etc.).
The buyer is responsible for all transportation costs, risks, and customs clearance.
FOB (Free On Board):
The seller is responsible for the cost and risk of delivering goods to the named port of shipment.
Once the goods are on board the vessel, the risk transfers to the buyer.
The buyer is responsible for the main carriage costs, unloading, and transportation from the port of discharge.
CIF (Cost, Insurance, and Freight):
The seller is responsible for the cost, insurance, and freight of delivering goods to the named port of destination.
The risk transfers to the buyer once the goods are on board the vessel.
The seller arranges and pays for insurance coverage for the buyer.
DDP (Delivered Duty Paid):
The seller is responsible for delivering the goods to the named place of destination.
The seller bears all costs and risks, including customs duties and taxes, until the goods are delivered to the buyer's premises.
CPT (Carriage Paid To):
The seller pays for the carriage of goods to the named destination.
Once the goods are handed over to the carrier, the risk transfers to the buyer.
DAP (Delivered at Place):
The seller is responsible for delivering the goods to the named place of destination.
The seller bears all risks and costs until the goods are ready for unloading by the buyer.
DAT (Delivered at Terminal):
Similar to DAP, but the seller delivers the goods to a named terminal rather than a specific place.
CFR (Cost and Freight):
The seller is responsible for the cost and risk of delivering goods to the named port of destination.
The buyer is responsible for unloading, transportation from the port of discharge, and all other costs.