Incoterms 2010 (Effect on 1 January 2011)

Group E (departure)

___EXW ___ex work
___All transport means ___(named place of destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods are placed at the disposal of the buyer on the transport vehicle ready for unloading at the named place of destination.

 

Group F (main carriage not paid)

 

___FCA ___free carrier
___All transport means ___(named place)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been loaded on the means of transport provided by the buyer at the seller's premises, or, if the named place is any other place, the goods are placed at the disposal of the carrier nominated by the buyer, on the seller's means of transport, ready for unloading.

 

 

___FAS ___free alongside ship
___Transport by sea ___(named port of origin)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been placed alongside the ship nominated by the buyer at the named port of origin.

 

 

___FOB ___free on board
___Transport by sea ___(named port of origin)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been loaded on board of the vessel nominated by the buyer at the named port of origin.

 

 

Group C (main carriage paid)

 

___CFR ___cost and freight
___Transport by sea ___(named port of destinationplace)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been loaded on board of the vessel nominated by the buyer at the named port of origin.

 

 

___CIF ___cost, insurance and freight
___Transport by sea ___(named port of destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been loaded on board of the vessel nominated by the buyer at the named port of origin. The seller must obtain cargo insurance covering the goods from the point of the risk transfer to at least the named port of destination, according the minimum requirements of the Institute Cargo Clauses. Since in most cases any damage to the goods are found only on arrival at the fnal destination, a written agreement should be made of who is responsible for obtaining cargo insurance covering the goods during the whole transport.

 

 

___CPT ___carriage paid to
___All transport means ___(named place of destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been handed over to frst carrier at the named place of origin.

 

 

___CIP ___carriage and insurance paid to
___All transport means ___(named place of destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been handed over to frst carrier at the named place of origin. The seller must obtain cargo insurance covering the goods from the point of risk transfer to the named port or terminal of destination, according the minimum requirements of the Institute Cargo Clauses.

 

 

Group D (arrival)

 

___DAT ___delivered at terminal
___All transport means ___(named placeof destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods have been unloaded from the transport vehicle and are placed at the disposal of the buyer at the named terminal of the named port of destination.

 

 

___DAP ___delivered at place
___All transport means ___(named placeof destination)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods are placed at the disposal of the buyer on the transport vehicle ready for unloading at the named place of destination.

 

 

___DDP ___delivered duty paid
___All transport means ___(named place)
___The risk of loss of or damage to the goods is transferred to the buyer when the goods are placed at the disposal of the buyer at the named place, not loaded on any vehicle.