Terms
Terms are divided into 4 groups:
- Group E – Place of Departure:
EXW. Ex Works (place indicated): Goods from the seller’s warehouse. - Group F – Main Carriage Unpaid:
FCA. Free Carrier (location specified): the goods are delivered to the customer’s carrier.
FAS. Free Alongside Ship (named port of loading): The goods are delivered to the customer’s ship.
FOB. Free On Board (loading port indicated): The goods are loaded on the customer’s ship. - Group C – Main Carriage Paid:
CFR. Cost and Freight (destination port indicated): The goods are shipped to the customer’s port (not unloaded).
CIF. Cost, Insurance and Freight (the destination port is indicated): The goods are insured and delivered to the customer’s port (not unloaded).
CPT. Carriage Paid To (destination port indicated): The goods are delivered to the customer’s carrier at the indicated port
CIP. Carriage and Insurance Paid to (destination port indicated): The goods are insured and delivered to the customer’s carrier at the named destination - Group D – Delivery (Arrival):
DAF. Delivered At Frontier (place indicated) – the goods are delivered to the border without customs clearance
DES. Delivered Ex Ship (port indicated) – goods are delivered on board the ship without clearing
DEQ. Delivered Ex Quay (port indicated) – goods to be delivered by vessel and unloaded without clearing
DU. Delivered Duty Unpaid (destination specified) – goods to be delivered to customer, duty paid to customer
DDP. Delivered Duty Paid (destination specified) – goods delivered to the customer, cleared of duties and risks