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EXW |
Ex Works (¡ named place) |
The seller is responsible to make the goods available to the buyer at the seller¡¯s
own premises. The buyer bears all costs and risk in delivering the goods from the
seller¡¯s premise to the named place of destination.
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FCA |
Free Carrier (¡ named place) |
The seller has to fulfill the obligations to deliver the goods and clear them for
export to the carrier named place where the risk of loss and damage is also transferred
from seller to buyer.
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FAS |
Free Alongside Ship (¡named port
of shipment)
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The seller has to fulfill the obligations to deliver the goods alongside the vessel
on the quay at the named port of shipment, where the buyer bears all costs and risk
from that time.
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FOB |
Free On Board (¡named port of shipment
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The seller has to fulfill the obligations to deliver the goods on board the vessel
at the named port of shipment and clear the goods for export. The buyer bears all
costs and risks when the goods are passed over the ship¡¯s rail.
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CFR |
Cost and Freight (¡named port of destination) |
The seller has to pay for the costs and freight necessary to deliver the goods to
the named port of destination. But the buyer bears the risk of loss and damage when
the goods are passed over the ship¡¯s rail in the port of shipment. Insurance and
import clearance is the buyer's responsibility.
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CIF |
Cost, Insurance and Freight
(¡named port of destination) |
The seller has to pay for the costs and freight necessary to deliver the goods to
the named port of destination. The seller has to procure transport insurance against
the risk of loss or damage to the goods. The seller must contract with the insurer
and pay the insurance premium. The buyer bears the risk of loss and damage when
the goods are passed over the ship¡¯s rail in the port of shipmen, and pay for the
import clearance.
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CPT |
Carriage Paid To (¡named place of destination)
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The seller has to fulfill the obligations to pay for freight to deliver the goods
to the named place of destination and clear them for import. The risk of loss or
damage to the goods and any cost increases is transferred from the seller to the
buyer when the goods are delivered to the custody of the final carrier, but not
at the ship's rail. The buyer pays for import clearance.
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CIP |
Carriage and Insurance Paid To (¡named place of destination) |
The seller has to fulfill the obligations to pay for freight to deliver the goods
to the named place of destination and clear them for import. The risk of loss or
damage to the goods and any cost increases is transferred from the seller to the
buyer when the goods are delivered to the custody of the final carrier, but not
at the ship's rail.
The seller has to procure transport insurance against the risk of loss or damage
to the goods during the carriage. The seller contracts with the insurer and pays
the insurance premium.
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DAF |
Delivered At Frontier (¡named place) |
The seller has to fulfill the obligations to deliver the goods to the named place
of frontier before the customs border of the adjoining country. The term is primarily
used when goods are carried by rail or truck. The seller bears the full cost and
risk in delivering the goods up to the named place and the buyer has to arrange
and pay for the goods to clear customs.
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DES |
Delivered Ex Ship (¡named port of destination) |
The seller has to fulfill the obligations to make the goods available to the buyer
on board the ship at the named port of destination The seller bears the full cost
and risk involved in delivering the goods there while the buyer bears the cost of
unloading the goods and any customs duties.
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DEQ |
Delivered Ex Quay (¡ named port of destination) |
The seller has to fulfill the obligations to make the goods available to the buyer
on the quay at the named port of destination and clear for import. The seller bears
the full cost and risks in delivering the goods to that point including unloading.
It can be stated with "ex quay duty paid" in which the seller has to pay
the duty; Or "ex quay duty on buyer's account" in which the duty also
is paid by the seller, but the buyer must reimburse the seller.
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DDU |
Delivered Duty Unpaid (¡named place of destination) |
The seller has to fulfill the obligations and bear all costs and risk in delivering
the goods to the named place of destination. The seller has no obligation for import
clearance.
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DDP |
Delivered Duty Paid (¡named place of destination) |
The seller has to fulfill the obligations in delivering the goods to the named place
of destination The seller bears all risks and costs, including import duties, taxes,
delivery charges and clears for import.
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