EXW (‘Ex Works’)Incoterms • June 26th, 2018
The seller makes the goods available to be collected at their premises and the buyer is responsible for all other risks, transportation costs, taxes and duties from that point onwards. This term is commonly used when quoting a price.
Incoterms are NOT law, they are an agreement between two parties - seller & buyerIncoterms • February 25th, 2013
CFR Cost and Freight The seller delivers the goods when it is placed on board the ship in the port of shipment. CIF Cost, Insurance and Freight The seller delivers the goods when it is placed on board the ship in the port of shipment. The seller also pays for the necessary Insurance. CIP Carriage and Insurance Paid to The seller delivers the goods to the carrier nominated by him and pays the cost of carriage to the named destination at the agreed date or within the agreed period. The seller also has to pay for the necessary insurance. CPT Carriage Paid to The seller delivers the goods to the carrier nominated by him and the seller also pays the cost of carriage to the named destination at the agreed date or within the agreed period. DAP Delivered at Place The seller delivers the goods when they are placed at the buyers disposal, ready for unloading at the named place of destination at the agreed date or within the agreed period. DAT Delivered at Terminal The seller deliver
