Shipping - Cost, Payment Terms and Conditions (TERMS)
FOB, CFR ...
| Abbr | Method | Comment |
|---|---|---|
| CFR | Cost and Freight | seller pays the costs necessary to bring the goods to named port of destination |
| CIF | Cost, Insurance and Freight | same as CFR but in addition the seller includes marine insurance loss or damage to goods during shipment |
| CIP | Carriage and Insurance Paid To | same as CPT, but in addition the seller includes insurance loss of or damage to the goods during carriage |
| CPT | Carriage Paid To | seller pays freight to named destination |
| DAF | Delivered At Frontier | seller clears the goods for export at named destination - but before the customs |
| DDP | Delivered Duty paid | seller deliver the goods at named destination - pays charges of delivering the goods to be cleared at custom |
| DDU | Delivered Duty Unpaid | seller deliver the goods at named destination |
| DES | Delivered Ex Ship | seller deliver the goods on board the ship, uncleared for import at named destination - seller pays to bring the goods to named destination |
| DEQ | Delivered Ex Quay, (Duty Paid) | seller deliver the goods at named destination - cleared for importation |
| EXW | Ex Works | seller makes the goods available at his premises |
| FAS | Free Alongside Ship | seller sends the goods to alongside the vessel - or in the named port of shipment |
| FCA | Free Carrier | seller hands over the goods cleared for export to the charge of the carrier named by the buyer at named place |
| FOB | Free On Board | seller clears the goods for export at named port of shipment |
