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10 Cards in this Set
- Front
- Back
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EXW or Ex Works
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Ex Works: The seller makes the goods available at his premises. The buyer is responsible for all other logistics charges.
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FOB
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Free on Board: The seller loads the goods on board the ship nominated by the buyer. The buyer pays for the shipping cost. In this way the logistical responsibility is shared 50/50 between seller and buyer.
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CFR or CNF
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Cost and Freight: The seller will pay the cost of documentation, and port charges as well as the freight. However, If cargo is damaged while in transit, buyer is responsible, not the seller.
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CIF
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Cost, Insurance and Freight: Exactly the same as CFR except that the seller must additionally pay for freight insurance.
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CPT
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Carriage Paid To (named place of destination): the equivalent of CFR but with truck.
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CIP
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Carriage Paid to (Named place of destination): the equivalent of CIF but with truck
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FCA
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Free Carrier: An American Term. The equivalent of CFR but with any form of transport.
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FAS
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Free Alongside Ship: the equivalent of FOB
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DDU
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Delivered Duty Unpaid: Same as CIF
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DDP
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Delivered Duty Paid: Same as CIF but with taxes paid
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