International Trade

Incoterms made simple

Understand who is responsible for cost, risk and delivery.

International Trade

Standard trade terms

Incoterms define buyer and seller responsibilities in international contracts.

EXW

Ex Works

Seller makes goods available at their premises.

FCA

Free Carrier

Seller delivers goods to a nominated carrier.

FAS

Free Alongside Ship

Seller delivers alongside the vessel.

FOB

Free On Board

Seller loads goods onto the vessel.

CFR

Cost & Freight

Seller pays cost and freight to destination.

CIF

Cost, Insurance & Freight

Seller pays cost, insurance and freight.

DAP

Delivered at Place

Seller delivers at a named destination.

DDP

Delivered Duty Paid

Seller delivers cleared for import.

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