Global Logistics

International Commercial Terms (Incoterms 2000—Contract of Sale)

Incoterms (Trade Terms) are key elements of international contracts of sale, telling the parties what to do with respect to carrying goods from buyer to seller and export and import clearance. They also explain the division of costs and risks between parties.

The following information is a general, brief overview of Incoterms 2000. We highly recommend that anyone participating in international sales invest in either an Incoterm training seminar or a complete ICC Guide to Incoterms.

Incoterms by Grouping
Group E
Departure EXW Exworks
Group F
Main carriage FCA Free Carrier
Unpaid FAS Free Alongside Ship
  FOB Free On Board
Group C
Main carriage CFR Cost and Freight
Paid CIF Cost, Insurance and Freight
  CPT Carriage Paid To
  CIP Carriage and Insurance Paid To
Group D
Arrival DAF Delivered at Frontier
  DES Delivered Ex Ship
  DEQ Delivered Ex Quay
  DDU Delivered Duty Unpaid
  DDP Delivered Duty Paid

 

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International Commercial Terms
Trade terms for international contracts for sale.

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