Incoterms

A) Rules covering all types of transport

EXW- Ex Works (Delivery at Work) The
seller notifies the buyer by keeping the goods ready for the buyer’s order on the date determined before in his business. The buyer takes delivery of the goods from the enterprise, prepares the necessary documents for export, completes the customs procedures and imports the goods to his own country. From the delivery of the goods at the enterprise, all costs and risks related to the goods are borne by the buyer.

FCA – Free Carrier (No Charge to the Carrier)
The seller completes the delivery process as soon as the goods are completed customs clearance and transferred to the custody of the first carrier on the specified date and place. From this moment on, all costs and risks related to the goods pass to the buyer. Freight charge is paid by the buyer like all other expenses.

CPT – Carriage Paid To (Carriage Paid To) The
seller is responsible for paying the freight to the destination. From the moment the goods are transferred to the custody of the first carrier, all risk and non-freight costs related to the goods pass to the buyer.

CIP – Carriage And Insurance Paid To The
Seller has the same obligations as in the CPT. However, it has to provide cargo insurance against the risk of loss or damage during the transportation of the goods.

DAT – Delivered At Terminal It is the delivery of the
goods to the buyer’s disposal at the terminal point determined by the buyer and the seller (this point can be a port or customs warehouse or the buyer’s factory), with the unloading costs covered by the seller. All customs procedures, costs, taxes, duties and charges arising from customs belong to the buyer.

DAP – Delivered At Place The
goods are left at the buyer’s disposal on the transport vehicle ready for unloading at the unloading place designated by the buyer and the seller (a port, customs point, airport). All customs procedures, costs, taxes, duties and charges arising from customs belong to the buyer. The seller undertakes the transportation costs of the goods to the designated place / terminal-related loss risks.

DDP – Delivered Duty Paid (Delivered Duty Paid) The
seller prepares the goods in accordance with the contract conditions. It prepares the necessary documents to be used in its own country and in the Buyer’s country. Completes Export and Import Customs procedures. The carrier provides the vehicle and pays the freight charge. All costs and risks related to the goods belong to the seller until delivery. It makes the delivery at the place and date determined in the buyer’s country by paying the customs taxes.
The buyer pays the price of the goods in accordance with the terms of the contract and receives the goods.

B) Rules specific to sea and inland water transport

FAS – Free Alongside Ship (Free Alongside Ship) The
seller’s obligation to deliver ends when the goods are put on a quay or barge in line with the ship at the designated port. Loading, unloading, transportation and insurance costs of the goods are paid by the buyer.

FOB – Free on Board (Free on Board)
The seller loads the goods on the ship provided by the buyer on the specified date and place. All kinds of damages, losses and expenses that may occur after the goods pass to the rail (deck) of the ship are the responsibility of the Buyer. The seller prepares all the necessary documents for export and delivers the goods after completing the customs clearance.

CFR – Cost and Freight The
seller takes all the costs and risks and brings the goods to the port of loading. It carries out the customs procedures and performs the loading by paying the freight fee. From this moment on, all costs and risks related to the goods other than freight belong to the buyer.

CIF – Cost, Insurance and Freight The
seller takes the insurance premium, freight and loading costs and risks and brings the goods to the port to be loaded. The seller agrees with the shipping agency and supplies it. It notifies the buyer that the goods in the sales contract have been loaded on the specified date and place. By paying the insurance premium, the seller takes out marine shipping insurance with the narrowest scope suitable for the type of goods loaded. After the goods are loaded on the ship, the costs and risk pass to the buyer other than the freight and insurance premium.