What is the meaning of Incoterms

1. EX-Work:

a. Loading at origin:            Buyers

b. Export customs declaration:    Buyers

c. Carriage to port of export: Buyers

d. Unloading of truck in port of export:  Buyers 

e. Loading on vessel: Buyers

f. Carriage to port of import: Buyers

g. Insurance: Buyers

h. Unloading in port of import:Buyers

i. Loading on truck in port of import:  Buyers

j. Carriage to place of destination: Buyers

k. Import customs clearance:Buyers

l. Import duties and taxes:Buyers

m. Unloading at destination:Buyers

 

2. FCA:

a. Loading at origin: Seller

b. Export customs declaration: seller

c. Carriage to port of export: Buyers/Seller

d. Unloading of truck in port of export: Buyers

e. Loading on vessel: Buyers

f. Carriage to port of import: Buyers

g. Insurance: Buyers

h. Unloading in port of import:Buyers

i. Loading on truck in port of import:  Buyers 

j. Carriage to place of destination: Buyers

k. Import customs clearance:Buyers

l. Import duties and taxes:Buyers

m. Unloading at destination:Buyers

 

3. FAS:

a. Loading at origin: Seller

b. Export customs declaration: Seller

c. Carriage to port of export:Seller

d. Unloading of truck in port of export: Seller

e. Loading on vessel: Buyers

f. Carriage to port of import: Buyers

g. Insurance: Buyers

h. Unloading in port of import:Buyers

i. Loading on truck in port of import: Buyers

j. Carriage to place of destination: Buyers

k. Import customs clearance:Buyers

l. Import duties and taxes:Buyers

m. Unloading at destination:Buyers

 

4. FOB:

a. Loading at origin: Seller

b. Export customs declaration: Seller

c. Carriage to port of export:Seller

d. Unloading of truck in port of export: Seller

e. Loading on vessel: Seller

f. Carriage to port of import: Buyers

g. Insurance: Buyers

h. Unloading in port of import:Buyers

i. Loading on truck in port of import:Buyers 

j. Carriage to place of destination: Buyers

k. Import customs clearance:Buyers

l. Import duties and taxes:Buyers

m. Unloading at destination:Buyers

 

5. CPT:

a. Loading at origin: Seller

b. Export customs declaration: Seller

c. Carriage to port of export:Seller

d. Unloading of truck in port of export: Seller

e. Loading on vessel: Seller

f. Carriage to port of import: Seller

g. Insurance: Buyer

h. Unloading in port of import:Buyer/Seller

i. Loading on truck in port of import:  Buyer/Seller

j. Carriage to place of destination: Seller

k. Import customs clearance:Buyer

l. Import duties and taxes:Buyer

m. Unloading at destination:Buyer

 

6. CFR:

a. Loading at origin: Seller

b. Export customs declaration: Seller

c. Carriage to port of export:Seller

d. Unloading of truck in port of export: Seller

e. Loading on vessel: Seller

f. Carriage to port of import:Seller 

g. Insurance: Buyer

h. Unloading in port of import:Buyer

i. Loading on truck in port of import: Buyer

j. Carriage to place of destination: Buyer

k. Import customs clearance:Buyer

l. Import duties and taxes:Buyer

m. Unloading at destination:Buyer

 

7. CIF:

a. Loading at origin: Seller 

b. Export customs declaration: Seller 

c. Carriage to port of export:Seller 

d. Unloading of truck in port of export: Seller 

e. Loading on vessel: Seller 

f. Carriage to port of import: Seller 

g. Insurance: Seller 

h. Unloading in port of import:Buyer

i. Loading on truck in port of import:  Buyer

j. Carriage to place of destination:    Buyer

k. Import customs clearance:Buyer

l. Import duties and taxes:Buyer

m. Unloading at destination:Buyer

 

8. CIP:

a. Loading at origin: Seller 

b. Export customs declaration: Seller 

c. Carriage to port of export:Seller 

d. Unloading of truck in port of export: Seller 

e. Loading on vessel: Seller 

f. Carriage to port of import: Seller 

g. Insurance: Seller 

h. Unloading in port of import:Buyer/seller

i. Loading on truck in port of import:  Buyer/seller

j. Carriage to place of destination:Seller 

k. Import customs clearance:Buyer

l. Import duties and taxes:Buyer

m. Unloading at destination:Buyer

 

9. DPU:

a. Loading at origin: seller

b. Export customs declaration: seller

c. Carriage to port of export: seller

d. Unloading of truck in port of export:  seller

e. Loading on vessel: seller

f. Carriage to port of import: seller

g. Insurance: seller

h. Unloading in port of import: seller

i. Loading on truck in port of import: seller

j. Carriage to place of destination: seller

k. Import customs clearance: Buyer

l. Import duties and taxes: Buyer

m. Unloading at destination: seller

 

10. DAP:

a. Loading at origin: seller

b. Export customs declaration: seller

c. Carriage to port of export: seller

d. Unloading of truck in port of export:  seller 

e. Loading on vessel: seller

f. Carriage to port of import: seller 

g. Insurance: seller

h. Unloading in port of import: seller

i. Loading on truck in port of import:    seller 

j. Carriage to place of destination: seller

k. Import customs clearance: Buyer

l. Import duties and taxes: Buyer

m. Unloading at destination: Buyer

 

11.DDP:

a. Loading at origin: seller

b. Export customs declaration: seller

c. Carriage to port of export:seller

d. Unloading of truck in port of export: seller

e. Loading on vessel: seller

f. Carriage to port of import: seller

g. Insurance: seller

h. Unloading in port of import:seller

i. Loading on truck in port of import:  seller

j. Carriage to place of destination:    seller

k. Import customs clearance:            seller

l. Import duties and taxes:             seller

m. Unloading at destination:            Buyer

 

 

 

 

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