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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).
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

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