Inco Terms

ACRONYM
Mode of Transport
INCOTERM Packaging
and Checking
Loading Seller's
Premises
Transport in origin
(Pre-carriage)
Customs Clearance
Export
Terminal Charges
Origin
Main
Transport
Transport
Insurance
Terminal Charges
Destination
Customs Clearance
Import
Transport to Destination
On-Carriage
Unloading Buyer's
Premises
EXW
Any mode
Ex Works Seller Buyer Buyer Buyer Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
FCA
Any mode
Free Carrier Seller Seller Seller Seller Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
FAS
Only sea
Free Alongside Ship Seller Seller Seller Seller Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
FOB
Only sea
Free On Board Seller Seller Seller Seller Seller Buyer Buyer * Buyer Buyer Buyer Buyer
CPT
Any mode
Carriage Paid To Seller Seller Seller Seller Seller Seller Buyer * Buyer Buyer Buyer Buyer
CFR
Only sea
Cost and Freight Seller Seller Seller Seller Seller Seller Buyer * Buyer Buyer Buyer Buyer
CIP
Any mode
Carriage Insurance Paid to Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer
CIF
Only sea
Cost, Insurance and Freight Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer
DAP
Any mode
Delivered at Place Seller Seller Seller Seller Seller Seller Seller ** Seller Buyer Seller Buyer
DPU
Any mode
Delivered at Place Unloaded Seller Seller Seller Seller Seller Seller Seller ** Seller Buyer Buyer Seller
DDP
Any mode
Delivered Duty Paid Seller Seller Seller Seller Seller Seller Seller ** Seller Seller Seller Buyer

* No obligation to obtain insurance contract, risks borne by Buyer
** No obligation to obtain insurance contract, risks borne by Seller

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