Delivery terms

Seller and buyer agree on the point where the risk is transferred from one to another to avoid disagreement if damage or loss incures during the transport. Incoterms 2010 are divided into different groups as follows:

Group E / departure

EXW    Ex Works

Group F / main carriage unpaid

FCA     Free Carrier

FAS     Free Alongside Ship

FOB    Free on Board

Group C / main carriage paid

CFR    Cost and Freight

CIF     Cost, Insurance and Freight

CPT    Carriage Paid To

CIP     Carriage and Insurance Paid to

Group D / arrival

DAP    Delivered At Place

DAT    Delivered At Terminal

DDP    Delivered Duty Paid

 

Please check the Incoterms 2010 chart with detailed information on how costs, risk and documents are shared between seller and buyer.