EXW
Ex Works → ‘In the factory (agreed place)’. The seller makes merchandise available to the buyer in his own facilities: factory, warehouse, etc. All expenses from that moment are on the buyer's account.
FAS
Free Alongside Ship → ‘Free Alongside Ship → ‘Free along the ship (agreed port of loading)’. The seller delivers the goods at the agreed dock of the agreed loading port; that is, next to the ship. The FAS incoterm rule is specific to bulk cargo or bulky cargo because they are deposited in specialized port terminals, which are located on the dock. It does not contemplate other modes of transport other than maritime or river.
FOB
Free On Board → ‘Free on board (agreed port of loading)’ The seller delivers the goods on the ship. The buyer is done charge of designating and booking the main transport (ship) The Incoterms FOB rule is used exclusively for transport by ship, whether by sea or river.
FCA
Free Carrier → ‘ Free carrier (agreed place). The seller agrees to deliver the merchandise to an agreed point within the country of origin, which may be the premises of a freight forwarder. It is responsible for the costs until the merchandise is located at that agreed point The Incoterms FCA rule can be used with any type of transport: air, rail, road and container / multimodal transport.
CFR
Cost and Freight (named destination port) → ‘cost and freigth (named destination port). The seller is responsible for all costs, including main transportation, until the goods arrive at the port of destination. However, the risk is transferred to the buyer when the merchandise is loaded on the ship, in the country of origin. It must be used for general cargo, which is transported in containers; NOT appropriate for bulk. The Incoterms CFR rule is only used for transportation by boat, whether by sea or river.
CIF
Cost, Insurance and Freight) → ‘cost,insurance and freigth (agreed port of destination)’. The seller is responsible for all costs, including main transportation and insurance, until the goods arrive at the destination port. The CIF Incoterm is exclusive to the maritime environment.
CPT
Carriage Paid To → ‘transportation paid to (named place of destination)’. The seller bears all costs, including main transportation, until the merchandise reaches the agreed point in the destination country. The Incoterms CPT rule can be used with any mode of transport including multimodal transport.
CIP
Carriage and Insurance Paid → ‘transportation and insurance paid to (named place of destination)’. The seller is responsible for all costs, including main transportation and insurance, until the merchandise reaches the agreed point in the destination country. Although the insurance has been contracted by the seller, the beneficiary of the insurance is the buyer.
DPU
Delivered at place unloaded →'‘delivered in place and unloaded (place)'. It replaces the DAT (Delivered at Terminal - Delivered at Terminal) rule that appeared in the 2010 version. It is a multimodal rule. Assumes that the seller delivers the merchandise at the place designated by the buyer, with download included. It can be unloaded in port or at a destination. However, the seller must take over the import clearance. .
DAP
Delivered At Place → ‘→ 'delivered at a point (named place of destination)'. The seller bears all costs, including main transportation and insurance (which is not compulsory), but not the costs associated with importation, until the goods are made available to the buyer in a vehicle ready to be Discharged. It also assumes the risks so far. Import clearance is borne by the buyer. If it does not dispatch on time, it may cause terminal costs.
DDP
Delivered Duty Paid) →' ‘delivered with duty paid (named place of destination)'. The seller pays all expenses until the merchandise is left at the agreed point in the destination country. The buyer does not perform any process. Import customs charges are borne by the seller. The type of transport is multipurpose / multimodal.
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