CIP – Cost and Insurance Paid To
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CIP – Cost and Insurance Paid To

Carriage and Insurance paid to… means that 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. This means that the buyer bears all risks and any additional costs occurring after the goods have...

November 26, 2015November 26, 2015by
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CPT – Carriage Paid To

«Carriage paid to…» means that 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. This means that the buyer bears all risks and any other costs occurring after the goods have been so...

November 26, 2015November 26, 2015by
FOB – Free On Board
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FOB – Free On Board

«Free on Board» means that the seller delivers when the goods pass the ship’s rail at the named port of shipment. This means that 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...

November 25, 2015September 19, 2017by
FCA – Free Carrier
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FCA – Free Carrier

«Free Carrier» means that 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 and unloading the goods at that place. If delivery occurs at the seller’s premises,...

November 25, 2015November 25, 2015by
FAS – Free Alongside Ship
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FAS – Free Alongside Ship

  «Free Alongside Ship» means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that 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 the...

November 25, 2015November 25, 2015by
EXW – Exworks
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EXW – Exworks

«Ex works» means that the seller delivers when he places the goods at the disposal of the buyer at the seller’s premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. This term thus represents the minimum obligation for the seller, and the buyer...

November 25, 2015November 25, 2015by
DAT – Delivered at Terminal (…named terminal at port or place of destination)
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DAT – Delivered at Terminal (…named terminal at port or place of destination)

New Term – May be used for all transport modes Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. “Terminal” includes quay, warehouse, container yard or road, rail or air terminal....

November 25, 2015November 25, 2015by
DDP – Delivery Duty Paid
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DDP – Delivery Duty Paid

  Delivered duty paid» means that 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 (Refer to Introduction paragraph...

November 25, 2015November 25, 2015by
DAP – Delivery At Place
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DAP – Delivery At Place

New Term – May be used for all transport modes Seller delivers the goods when they are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. Parties are advised to specify as clearly as possible the point within the agreed place of...

November 25, 2015November 25, 2015by
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