EXW  
                      (Ex-works; Ex-factory; Ex-warehouse,Ex-mil) The seller delivers 
                      when he places the goods at the disposal of the buyer at 
                      the seller's premises or another named place. 
                      The buyer has to bear all costs and risks involved in taking 
                      the goods from the sellers' premises. 
                    FCA  
                      (Free carrier) The seller delivers the goods, cleared for 
                      export, to the carrier nominated by the buyer at the named 
                      place. It should be noted that the chosen place of delivery 
                      has an impact on the obligations of loading the goods at 
                      that place, the seller is responsible for loading. If delivery 
                      occurs at any other place, the seller is not responsible 
                      for unloading.  
                      This term may be used irrespective of the mode of transport, 
                      including multimodal transport. 
                    FOB  
                      (Free on board) The seller delivers when the goods pass 
                      the ship's rail at the named port of shipment. The buyer 
                      has to bear all costs and risks of loss of or damage to 
                      the goods from that point. The FOB term requires the seller 
                      to clear the goods for export. This term can be used only 
                      for sea or inland waterway transport. If the parties do 
                      not intend to deliver the goods across the ship's rail, 
                      the FCA term should be used. 
                    FAS 
                      (Free alongside ship) The seller delivers when the goods 
                      are placed alongside the vessel at the named port of shipment. 
                      The buyer has to bear all costs and risks of loss of or 
                      damage to the goods from that moment. 
                      The FAS term requires the seller to clear for export. 
                      However, if the parties wish the buyer to clear the goods 
                      for export, this should be made clear by adding explicit 
                      wording to this effect in the contract of sale.  
                    CFR 
                      (Cost and freight) The seller delivers when the goods pass 
                      the ship's rail in the port of shipment.The seller must 
                      pay the costs and freight necessary to bring the goods to 
                      the named port of destination but the risk of loss of or 
                      damage to the goods, as well as any additional costs due 
                      to events occurring after the time of delivery, are transferred 
                      from the seller to the buyer. 
                      The CFR term requires the seller to clear the goods for 
                      export.This term can be used only for sea and inland waterway 
                      transport.  
                    CIF 
                      (Cost, insurance and freight) The seller delivers when the 
                      goods pass the ship's rail in the port of shipment. The 
                      seller must pay the costs and freight necessary to bring 
                      the goods to the named port of destination but the risk 
                      of loss of or damage to the goods, as well as any additional 
                      costs due to events occurring after the time of delivery, 
                      are transferred from the seller to the buyer.  
                      Consequently, the seller contracts for insurance and pays 
                      the insurance premium. The buyer should note that under 
                      the CIF term the seller is only required to obtain insurance 
                      on minimum cover. The CIF term requires the seller to clear 
                      the goods for export. 
                    CPT  
                      (Carried paid to) The seller delivers the goods to the carrier 
                      nominated by him but the seller must in addition pay the 
                      cost of carriage necessary to bring the goods to the named 
                      destination. The buyer bears all risks and any other costs 
                      occurring after the goods have been so delivered. 
                      The CPT term requires the seller to clear the goods for 
                      export.This term may be used irrespective of the mode of 
                      transport including multimodal transport. 
                    CIP  
                      (Carriage and insurance paid) The seller delivers the goods 
                      to the carrier nominated by him, but the seller must in 
                      addition pay the cost of carriage necessary to bring the 
                      goods to the named destination. The buyer bears all risks 
                      and additional costs occurring after the goods have been 
                      so delivered. The seller also has to procure insurance against 
                      the buyer's risk of loss of or damage to the goods during 
                      the carriage. The buyer should note that under the CIP term 
                      the seller is only required to obtain insurance only on 
                      minimum cover. 
                      The CIP term requires the seller to clear the goods for 
                      export. 
                      This term may be used irrespective of the mode of transport, 
                      including multimodal transport. 
                    DAF  
                      (Delivered at frontier) The seller delivers when the goods 
                      are placed at the disposal of the buyer on the arriving 
                      means of transport not unloaded, cleared for export, but 
                      not cleared for import at the named point and place at the 
                      frontier, but before the customs border of the adjoining 
                      country.  
                      This term may be used irrespective of the mode of transport 
                      when goods are to be delivered at a land frontier. When 
                      delivery is to take place in the port of destination, on 
                      board a vessel or on the quay (wharf), the DES or DEQ terms 
                      should be used. 
                    DES  
                      (Delivered ex-ship) The seller delivers when the goods are 
                      placed at the disposal of the buyer on board the ship not 
                      cleared for import at the named port of destination. The 
                      seller has to bear all the costs and risks involved in bringing 
                      the goods to the named port of destination before discharging 
                      the goods.  
                      This term can be used only when the goods are to be delivered 
                      by sea or inland waterway or multimodal transport on a vessel 
                      in the port of destination 
                    DEQ  
                      (Delivered ex-quay) The seller delivers when the goods are 
                      placed at the disposal of the buyer not cleared for import 
                      on the quay at the named port of destination. The seller 
                      has to bear costs and risks involved in bringing the goods 
                      to the named port of destination and discharging the goods 
                      on the quay. The DEQ term requires the buyer to clear the 
                      goods for import and to pay for all formalities, duties, 
                      taxes and other charges upon import.  
                      This term can only be used when the goods are to be delivered 
                      by sea or inland waterway or multimodal transport on discharging 
                      from a vessel onto the quay (wharf) in the port of destination. 
                     
                     
                      DDU  
                      (Delivered duty unpaid) The seller delivers the goods to 
                      the buyer, not cleared for import, and not unloaded from 
                      any arriving means of transport at the named place of destination. 
                      The seller has to bear the costs and risks involved in bringing 
                      the goods thereto other than, where applicable, any "duty" 
                      (which term includes the responsibility for and the risks 
                      of the carrying out of customs formalities, and the payment 
                      of formalities, customs duties, taxes and other charges) 
                      for import in the country of destination. Such "duty" 
                      has to be borne by the buyer as well as any costs and risks 
                      caused by his failure to clear the goods for import in time. 
                     
                    DDP 
                      (Delivered duty paid) The seller delivers the goods to the 
                      buyer, cleared for import, and not unloaded from any arriving 
                      means of transport at the named place of destination. The 
                      seller has to bear all the costs and risks involved in bringing 
                      the goods thereto including, where applicable, any "duty" 
                      (which term includes the responsibility for and the risks 
                      of the carrying out of customs formalities and the payment 
                      of formalities, customs duties, taxes and other charges) 
                      for import in the country of destination.  
                     
                     
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