Routing Guides – INCO Terms

INCO Terms


International Commercial Terms are designed to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade.

INCO Terms are grouped into four different categories:

E-Terms: Where the seller makes the goods available to the buyer at the seller's own premises (Ex-Works).

F-Terms: Where the seller is obligated to deliver the goods to the carrier appointed by the buyer (FCA).

C-Terms: Where the seller contracts and pays for the transportation to a named port (CIF).

D-Terms: Where the seller pays all costs and accepts all risks to deliver the goods to an agreed upon point (DDP).

 

Any Transport Mode

Sea/Inland Waterway Transport

Any Transport Mode

 
EXW
FCA
FAS
FOB
CFR
CIF
CPT
CIP
DAT
DAP
DDP
Packaging
Buyer or
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Loading
Charges
Buyer
Seller*
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Delivery to Port/Place
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Export Duty
& Taxes
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Origin Terminal
Charges
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Loading on
Carriage
Buyer
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Carriage Charges
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Seller
Seller
Insurance
-
-
-
-
-
Seller
-
Seller
-
-
-
Destination Terminal
Charges
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Seller
Seller
Seller
Delivery to
Destination
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Import Duty
& Taxes
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Buyer
Seller
* Seller is responsible for loading charges, if the terms state FCA at seller's facility.

EXW: Ex Works

 

CPT: Carriage Paid To

FCA: Free Carrier

 

CIP: Carriage Insurance Paid To

FAS: Free Alongside Ship

 

DAT: Delivered At Terminal

FOB: Free On Board

 

DAP: Delivered At Place

CFR: Cost & Freight

 

DDP: Delivered Duty Paid

CIF: Cost Insurance & Freight

 

 

     
The "INCO Terms 2000" booklet can be ordered from:

ICC Publishing Inc.
156 Fifth Ave.
New York, NY 10010
Telephone: (212) 206-1150
Fax: (212) 633-6025