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Incoterms 2010

The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactions. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods. The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries.



Any mode of transport:

EXW – Ex Works (named place of delivery);

FCA – Free Carrier (named place of delivery);

CPT – Carriage Paid To (named place of destination);

CIP – Carriage and Insurance Paid to (named place of destination);

DAT – Delivered at Terminal (named terminal at port or place of destination);

DAP – Delivered at Place (named place of destination);

DDP – Delivered Duty Paid (named place of destination).


Sea and inland waterway transport:

FAS – Free Alongside Ship (named port of shipment);

FOB – Free on Board (named port of shipment);

CFR – Cost and Freight (named port of destination);

CIF – Cost, Insurance and Freight (named port of destination).