ABBREVIATIONS
[TABS_R id=538]
INCOTERMS
Incoterms or international commercial terms are a series of international sales terms used throughout the world. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices. They closely correspond to the N. Convention on Contracts for the International Sale of Goods.
Distribution of costs according to the Incoterm negotiated in the contract
| SPECIFICATIONS | Departure from ware-house | Main transportation not paid by the seller |
Main transportation paid by the seller | Shipping charges paid by the seller until reaching destination point | |||||||
| Incoterm / Cost |
EXW | FCA | FAS | FOB | CFR | CIF | CPT | CIP | DAT | DAP | DDP |
| Packaging | S | S | S | S | S | S | S | S | S | S | S |
| Loading from warehouse | B | S | S | S | S | S | S | S | S | S | S |
| Pre-carriage | B | S | S | S | S | S | S | S | S | S | S |
| Export customs clearance | B | S | S | S | S | S | S | S | S | S | S |
| Handling at departure | B | B | B | S | S | S | S | S | S | S | S |
| Main transportation | B | B | B | B | S | S | S | S | S | S | S |
| Transportation insurance | B | B | B | B | B | S | B | S | S* | S | S |
| Handling at arrival | B | B | B | B | B | B | B | B | S | S | S |
| Import customs clearance | B | B | B | B | B | B | B | B | B | B | S |
| Post-carriage | B | B | B | B | B | B | B | B | B | B | S |
| Unloading into warehouse | B | B | B | B | B | B | B | B | B | B | S |
S: Cost paid by the seller
B: Cost paid by the buyer
* Non-mandatory
