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INCOTERMS

When negotiating an international sales contract, both parties need to pay as much attention to the terms of sale as to the sales price. To make it as clear as possible, an international set of trade terms (INCOTERMS 2000) has been adopted by most countries that defines exactly the responsibilities and risks of both the buyer and seller including while the merchandise is in transit.

This site summarizes the responsibilities of both the buyer and seller for each of the current 13 INCOTERMS.

We have created a quick reference table for the INCOTERMS that you can consult in the next link:
Tabla de referencia rapida INCOTERMS 2000 - C2E.

If you want to see the basic definition of each one of the INCOTERMS please give a click on each one of them.

EXW

Ex-Works, named place where shipment is available to the buyer, not loaded.

The seller will not contract for any transportation.

FCA

Free Carrier, unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.

This term can be used for any mode of transport.

FOB

Free On Board vessel, named ocean port of shipment.

This term is used for ocean shipments only where it is important that the goods pass the ship's rail.

FAS

Free Alongside Ship, named ocean port of shipment.

Ocean shipments that are NOT containerized.

CFR

Cost and Freight, Named ocean port of destination.

This term is used for ocean shipments that are not containerized.

CIF

Cost, Insurance and Freight, named ocean port of destination.

This term is used for ocean shipments that are not containerized.

CPT

Carriage Paid To, named place or port of destination.

This term is used for air or ocean containerized and roll-on roll-off shipments.

CIP

Carriage and Insurance Paid To, named place or port of destination.

This term is used for air or ocean containerized and roll-on roll-off shipments.

DAF

Delivered At Frontier, named place of destination, by land, not unloaded.

This term is used for any mode of transportation but must be delivered by land.

DES

Delivered Ex-Ship, named port of destination, not unloaded.

This term is used for ocean shipments only.

DEQ

Delivered Ex-Quay, named port of destination, unloaded, not cleared.

This term is used for ocean shipments only.

DDU

Delivered Duty Unpaid, named place of destination, not unloaded, not cleared.

This term is used for any mode of transportation.

DDP

Delivered Duty Paid, named place of destination, not unloaded, cleared.

This term is used for any mode of transportation.