The chart below is a general summary of obligations of the buyer and seller based on the 11 INCOTERMS. The ICC created these terms as a universal standard to be used in contracts of sale for expressing the rights and obligations of buyers and sellers—specifically, regarding the transport and delivery of goods. | |||||||||||
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Incoterm 2010 | Export-Customs Declaration | Carriage to Port of Export | Unloading of Truck in Port of Export | Loading Charges in Port of Export | Carriage (Sea Freight/Air Freight) to Port of Import | Unloading Charges in Port of Import | Insurance |
Loading of Truck in Port of Import |
Carriage to Place of Destination | Import Customs Clearance | Import Taxes |
EXW | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
FCA | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
FAS | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
FOB | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
CFR | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer |
CIF | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer |
CPT | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer |
CIP | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer |
DAT | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer |
DAP | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer |
DDP | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller |
To discuss your logistics needs, please contact us as jenny@ezexport.com |