incoterms

Incoterms

Incoterms are a series of international sales with terms, published by International Chamber of Commerce and widely used in international commercial transactions. These are accepted by governments, legal authorities and practitioners worldwide for the interpretation of most commonly used terms in international trade. This reduces or removes altogether uncertainties arising from different interpretation of such terms in different countries. For a given term, "Yes" indicates that the seller has the responsibility to provide the service included in the price. "No" indicates it is the buyer's responsibility.

To understand the transaction costs and responsibilities between buyer and seller, refer to the

Incoterms

EXW

FCA

FAS

FOB

CFR

CIF

CPT

CIP

DAF

DES

DEQ

DDU

DDP

Load to truck	Export- duty payment	Transport to exporter's port	Unload from truck at port of origin	Landing charges at port of origin	Transport to importer's port	Landing charges at importer's port	Unload onto trucks from the importers' port	Transport to destination	Insurance	Entry - Customs clearance	Entry - Duties and Taxes
No	No	No	No	No	No	No	No	No	No	No	No
Yes	Yes	Yes	No	No	No	No	No	No	No	No	No
Yes	Yes	Yes	Yes	No	No	No	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	No	No	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	No	No	No	Yes	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No
Yes	Yes	Yes	Yes	Yes	Yes	No	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	No	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No	No	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	No
Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	Yes	No	Yes	Yes