Date: 2013-08-05

Every Trade Term (FOB, CIF, L/C, etc.)

Incoterms are a set of trade terms compiled and adopted by the International Chamber of Commerce (ICC) in Paris for the contract of sale regarding the delivery of goods. The responsibilities of the buyers and sellers are clearly defined in Incoterms 2000. ICC Publication No. 560, Official Rules for the Interpretation of Trade Terms published in September 1999 became effective, January 1, 2000. The thirteen Incoterms are:

* EXW   EX WORKS (...named place)

* FCA   FREE CARRIER (...named place)

* FAS   FREE ALONGSIDE SHIP (...named port of shipment)

* FOB   FREE ON BOARD (...named port of shipment)

* CFR   COST AND FREIGHT (...named port of destination)

* CIF     COST, INSURANCE AND FREIGHT (...named port of shipment)

* CPT    CARRIAGE PAID TO (...named port of shipment)

* CIP     CARRIAGE AND INSURANCE PAID TO (...named port of shipment)

* DAF    DELIVERED AT FRONTIER (...named place)

* DES   DELIVERED EX SHIP (...named port of shipment)

* DEQ  DELIVERED EX QUAY (...named port of shipment)

* DDU  DELIVERED DUTY UNPAID (...named port of shipment)

* DDP   DELIVERED DUTY PAID (...named port of shipment)

( Sally )24 Nov, 2009

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