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                        Inco Terms

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                        Inco terms are internationally accepted commercial terms that define the respective roles and responsibilities of the buyer and seller when transactions are made. Inco terms define how merchandise is to be transported, and when ownership of the good is transmitted to the buyer.

                        EXW - Ex Works
                        FCA - Free Carrier
                        FAS - Free Alongside Ship
                        FOB - Free On Board
                        CFR - Cost and Freight
                        CIF - Cost, Insurance and Freight
                        CPT - Carriage Paid To
                        CIP - Carriage and Insurance Paid To
                        DAF - Delivered at Frontier
                        DES - Delivered Ex Ship
                        DEQ - Delivered Ex Quay (Duty Paid)
                        DDU - Delivered Duty Unpaid
                        DDP - Delivered Duty Paid

                        EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of transportation.
                        FAS, FOB, CFR, CIF, DES, and DEQ are used for sea and inland waterway.

                        Date Created: 2011-02-05
                        Posted by: Admin
                        Inco Terms

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                        See more terms on this page: Business Terms

                        Online MBA, Online MBA Courses, Inco terms, EXW Ex Works, FCA - Free Carrier, FAS - Free Alongside Ship, FOB - Free On Board, CFR - Cost and Freight, CIF - Cost, Insurance and Freight, CPT - Carriage Paid To, CIP - Carriage and Insurance Paid To, DAF - Delivered at Frontier, DES - Delivered Ex Ship, DEQ - Delivered Ex Quay (Duty Paid), DDU - Delivered Duty Unpaid, DDP - Delivered Duty Paid


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