The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions.
A series of three-letter trade terms related to common 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.
EXW | EX Works ( ... named place) |
FCA | Free Carrier (...named place) |
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) |
CIP | Carriage and Insurance Paid Тo (... named place of destination) |
CPT | Carriage Paid To (... named place of destination) |
DAT | Delivered At Terminal (... named terminal of destination) |
DAP | Delivered At Point (... named point of destination) |
DDP | Delivered Duty Paid (... named place of destination) |
Excluded from Incoterms 2010 Delivered Duty Unpaid (... named place of destination) | |
Excluded from Incoterms 2010 Delivered At Frontier (... named place) | |
Excluded from Incoterms 2010 Delivered Ex Quay (... named port of destination) | |
Excluded from Incoterms 2010 Delivered Ex Ship (... named port of destination) |