MULTIMODAL INCOTERMS
AIR • RAIL • MARITIME • ROAD
Nomenclature of the different conditions of delivery of products between seller and buyer according to the risks and costs to be shared
| Clauses | Transfer of Risks | Transfer of Cost | |
|---|---|---|---|
| EXW | EX-Works - | Delivery of the goods to the seller's premises. The seller is not required to load the goods onto the buyer's vehicle. | |
| FCA | Free Carrier - | Delivery of the goods to the carrier at the place designated by the seller | |
| CPT | Carriage Paid To - | Delivery of the goods to the first carrier | Arrival at destination without taxes import duty or insurance premium |
| CIP | Carriage Insurance Paid to - | Delivery of the goods to the first carrier | Arrival at destination without taxes import, insurance premium paid |
| DAP | Delivered At Place - | Delivery of the goods to the first carrier | Arrival at destination without taxes import (customs duties) |
| DPU | Delivered At place Unloaded - | Delivery of the goods to the first carrier | Delivery of the goods to the first carrier Arrival at destination without unloading |
| DDP | Delivered Duty Paid - | Provision of the goods cleared through customs at the agreed destination. Specify whether VAT or other duties are included or not. | |
MARITIME INCOTERMS
Nomenclature of the different conditions of delivery of products between seller and buyer according to the risks and costs to be shared
| Clauses | Transfer of Risks | Transfer of Cost | |
|---|---|---|---|
| FAS | Free Alongside Ship - | Delivery of goods alongside the ship (quay or barge) | |
| FOB | Free On Board - | Delivery of the goods at the port and on board the ship designated by the seller | |
| CFR | Coast & Freight - | Delivery of goods on board ship | Arrival at destination without taxes import duty or insurance premium |
| CIF | Coast Insurance & Freight - | Delivery of goods on board ship | Arrival at destination without taxes import, insurance premium paid |
