FAS, FOB, CFR, CIF are only applicable to sea or water transport, others can be used for multiple modes of transport (air/sea). (Truck/rail/multimodal…)
EXW (Ex works) + Designated Place – Factory Delivery
Delivery of goods to the seller’s premises or other designated place. At the buyer’s disposal, delivery is complete without the seller clearing the goods for export or loading them on any vehicle.
FCA (Free Carrier) + named place of delivery – delivery of goods to the carrier
the seller will only need to goods in the specified Delivery of the goods at the place of delivery to the carrier appointed by the buyer and after customs clearance. The buyer assumes all risks and costs after delivery.
FAS (Free Alongside ship) delivery alongside ship
FOB (Free On Board) + Designated Port of Shipment – Delivered On Board (FOB)
Delivery of the goods to the named port of shipment Delivery is completed by the seller on board the vessel named by the buyer or by obtaining proof of delivery to the vessel. The risk of contempt or damage to the goods passes when they are delivered on board, and the buyer bears all costs from that time onwards.
CFR (Cost and Freight) + named port of destination – Cost and Freight
The goods are loaded at the port of shipment. On boarding the vessel, the seller completes delivery of the goods, and the seller pays the freight charges for their delivery to the named port of destination. However, the risk of loss of or damage to the goods after delivery and any additional costs due to various events shall be borne by the buyer.
CIF (Cost, Insurance and Freight) + named port of destination – Cost, Insurance and Freight. Insurance and freight
The seller completes delivery of the goods by loading them onto a ship at the port of shipment. The seller pays for the freight to bring the goods to the port of destination and the seller must take out marine insurance against the buyer’s risk of loss of or damage to the goods in transit. . However, the risk of loss of or damage to the goods after delivery, as well as any additional costs due to various events, shall be borne by the Buyer.
CPT (Carriage Paid to point of destination) + named place of destination – freight paid to
the seller delivers the goods to the carrier named by the buyer and the seller pays the freight to bring the goods to the place of destination. Buyer assumes all risks and other costs after delivery.
CIP (Carriage and Insurance Paid to point of) destination) + named destination – insurance and freight paid to
seller to carrier named by buyer Delivery of goods, seller to pay for carriage of goods to place of destination and to insure against loss of or damage to goods in transit, buyer to assume delivery of goods After all risks and other costs.
DPU (Delivered at Place Unloaded) + transport to named port or destination Terminal–Delivery at transport terminal
The seller unloads the goods at the designated destination or distribution terminal at the port of destination and then hands them over to the buyer for disposal to complete delivery. The seller assumes all risks and costs of delivery of the goods to the seller’s collection point at the named destination or at the port of destination, except for import charges.
DAP (Delivered At Place) + Designated Destination – Delivered at Place
The seller delivers the goods at the named destination or distribution point at the port of destination. Delivery at destination, only need to prepare for unloading, delivery is completed without unloading, seller bears all the costs of transporting the goods to the named destination .
DDP (Delivered Duty Paid) + Designated Destination – Delivered Duty Paid
The seller is to deliver the goods at the designated destination. Delivery of the goods is completed by placing at the buyer’s disposal any goods that have not been unloaded from the means of transport used for their delivery upon completion of customs clearance at the destination of the seller. The seller bears all risks and costs of transporting the goods to the place of destination, including any amounts due at the place of destination in the event of customs formalities. Import duties and taxes.
