Incoterms

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16 Terms

1
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  • Any Modes

  • Seller resposible for:
    - The export clearance
    - The delivery of goods to the named place of destination
    - Transportation fees


CPT (Carriage Paid To)

2
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  • Any Modes

  • CPT + Insurance


CIP (Carriage and Insurance Paid To)

3
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  • Sea & Inland Waterways

  • Similar to CPT


CFR (Cost & Freight)

4
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  • Sea & Inland Waterways

  • CFR + Insurance


CIF (Cost, Insurance & Freight)

5
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Name 2 C Terms that can only be used for Sea & Inland Waterways?

CFR, CIF

6
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Name 2 C Terms that can be used for Any Modes?

CPT, CIP

7
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DAP (Delivered at Place)

  • Seller responsible for: All cost & Risks associated with the delivery of goods to the final destination

  • Any modes


8
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DPU (Delivered at Place-Unloaded)

  • DAP + Unload goods at the place of destination

  • Any Modes


9
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DDP (Delivery Duty Paid)

  • DAP + Import Custom Fees

  • Any Modes


10
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Name D Terms that can be used for any modes?

DAP, DPU, DDP

11
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  • Any Modes

  • Seller responsible for:
    - The export clearance
    - The delivery of goods to the carrier at the named of place of delivery


FCA (Free Carrier)

12
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  • Sea and Inland Waterways

  • Seller responsible for: All procedures in their country, up until the goods are alongside the ship or the terminal warehouse


FAS (Free alongside Ship)

13
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  • Sea and Inland Waterways

  • Seller responsible for:
    - The export clearance
    - Goods delivered & loaded on the vessel at the named port of departure


FOB (Free on Board)

14
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Which F Term can be used for any modes?

FCA

15
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Which F Terms can only be used for Sea and Inland Waterways?

FAS, FOB

16
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  • Any Modes

  • The buyer bears all risks & costs once they collect goods from seller's location


EXW (Ex-Work or Ex-Warehouse)