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                                  Inco Terms

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                                  Inco terms are internationally accepted commercial terms that define the respective roles and responsibilities of the buyer and seller when transactions are made. Inco terms define how merchandise is to be transported, and when ownership of the good is transmitted to the buyer.

                                  EXW - Ex Works
                                  FCA - Free Carrier
                                  FAS - Free Alongside Ship
                                  FOB - Free On Board
                                  CFR - Cost and Freight
                                  CIF - Cost, Insurance and Freight
                                  CPT - Carriage Paid To
                                  CIP - Carriage and Insurance Paid To
                                  DAF - Delivered at Frontier
                                  DES - Delivered Ex Ship
                                  DEQ - Delivered Ex Quay (Duty Paid)
                                  DDU - Delivered Duty Unpaid
                                  DDP - Delivered Duty Paid

                                  EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of transportation.
                                  FAS, FOB, CFR, CIF, DES, and DEQ are used for sea and inland waterway.

                                  Date Created: 2011-02-05
                                  Posted by: Admin
                                  Inco Terms

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                                  See more terms on this page: Business Terms

                                  Online MBA, Online MBA Courses, Inco terms, EXW Ex Works, FCA - Free Carrier, FAS - Free Alongside Ship, FOB - Free On Board, CFR - Cost and Freight, CIF - Cost, Insurance and Freight, CPT - Carriage Paid To, CIP - Carriage and Insurance Paid To, DAF - Delivered at Frontier, DES - Delivered Ex Ship, DEQ - Delivered Ex Quay (Duty Paid), DDU - Delivered Duty Unpaid, DDP - Delivered Duty Paid


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