Incoterms®
Incoterms® are globally recognized trade rules that define the responsibilities of buyers and sellers in international and domestic transactions. They clarify the allocation of costs, risks, transportation obligations, cargo insurance, and customs responsibilities, helping businesses conduct trade with greater transparency and confidence.
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EXW
EX works
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FCA (b)
Free Carrier
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FAS
Free Alongside Ship
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FOB
Free On Board
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CFR
Cost & Freight
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CIF
Cost, Insurance & Freight
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CPT
Carriage Paid To
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CIP
Carriage & Insurance Paid To
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DPU
Delivery at Place Unloaded
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DAP
Delivered at Place
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DDP
Delivered Duties Paid