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Freight Forwarding & INCOTERMS® Common Terms

Defined by the International Chamber of Commerce (ICC), INCOTERMS® 2010 are a commonly in international commercial transport to clearly stipulate the obligations of buyers and sellers within international transactions and procurement processes.

Within the terms exist two categories, common terms and terms specific for sea and inland waterway transport.

Common INCOTERMS® from all modes of
transport (group 1)

These group 1 terms are common to all forms of transport.

CIP Carriage and Insurance Paid To
CPT Carriage Paid To
DAT Delivered at Terminal
DAP Delivered at Place
DDP Delivered Duty Paid
DDU Delivered Duty Unpaid
EXW Ex Works
FCA Free Carrier

 

Common INCOTERMS® for sea and inland waterway transport only (group 2)

These group 2 terms are only used for sea and inland waterway transport.

CIF Cost, Insurance, and Freight
CFR Cost and Freight
FAS Free Alongside Ship
FOB Free on Board