| Name the term | Brief description of the term | |
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EXW - place name |
The seller makes the goods available to the buyer, |
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FCA - place name |
The seller's obligations are considered fulfilled since |
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FAS – named port of shipment |
The seller must place the goods alongside the vessel on the quay or on the lighter at the shipping point. From this point on, all the costs and risks loss of or damage to the goods shall be the buyer. The seller also shall at his own expense, obtain an export license (if necessary) and carry out all customs formalities for the export of goods. |
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FOB – named port of shipment available aboard) |
The seller's obligations are considered fulfilled since the goods pass the ship's rail at the port of shipment. seller shall at his own expense, obtain an export license (if necessary) and carry out all customs formalities for the export of goods. |
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FOR – name of the station shipment |
The seller's obligations are considered fulfilled with the loading of the goods on railway rolling stock at the station shipment. Seller shall at its own expense, obtain an export license (if necessary) and carry out all customs formalities for the export of goods. FOR on arrival means that the carrier has fulfilled its obligations to deliver the goods at the destination station, then unloading station and registration fees transport documents, as well as customs clearance, performed consignee. |
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| FOT – the name of the place of shipment (от англ. free on truck – freely on the track cars) |
The seller's obligations are considered fulfilled since loading of the goods on the car rolling at the shipping point. Seller shall at its own expense, obtain an export license (if necessary) and complete all customs formalities for the export of goods. FOT on arrival means that the carrier fulfilled its obligations to deliver the goods at the destination, then unloading and customs clearance are carried out by the recipient of cargo. |
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CIF – named port of destination |
The term differs from CFR fact that the seller is further incumbent contract at his own expense for the sea insurance against the risk of loss of or damage to the goods during transportation. The seller pays the insurance premium to the insurer. |
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CIP –the name of the destination |
The seller bears the same obligations as required under the term CPT, but additionally must also arrange transport insurance against the risks of loss of or damage to goods during transportation. |
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DAF – the name of the place of delivery |
The seller's obligations are considered fulfilled when the goods are past customs clearance for export comes to the specified location on the border. The obligation to obtain import license and customs clearance for importation of the goods the buyer's responsibility. |
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DAF – the name of the place of delivery |
The seller pays the freight for the carriage of goods to the named place naznacheniya.No risk of loss or damage to the goods passes from the seller to the buyer when the goods are handed over to the the disposal of the first carrier. export duties paid by the seller, and import - buyer. |
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DES – named port of destination –Delivered Ex Ship) |
The seller must deliver not yet passed customs clearance for the import of the goods to the buyer, on board the vessel at the port of destination by the agreement. From that moment all the risks and subsequent costs are borne buyer, including the payment of import duties. |
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DEQ – named port of destination |
The seller's obligations are considered fulfilled since of goods has not passed the customs clearance for import on the quay at the port specified by the contract naznacheniya.Prodavets must bear all costs and risks associated with the transport and unloading of goods on the quay. Clear the goods for import buyer carries. |
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DDU – the name of the destination |
The seller's obligations are made at the time of delivery of the goods in determined by the contract item in the importing country. Seller shall be all risks and costs in bringing the goods, excluding taxes, duties and other charges levied on the import of goods. If between the parties agreed that the seller pays some taxes and charges levied on the import of goods, it should be specifically stated in the contract. |
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DDP – the name of the destination |
Unlike DDU, this condition imposes the obligation of delivery customs clearance of imported goods and payment of all taxes and charges levied on importation, to the seller. If the parties agreed that some taxes or fees charged the importation of goods paid by the buyer, it must be specifically stated in the contract. DDP represents the maximum obligations of the seller to deliver the goods. |
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