EXW - Ex Works

A delivery term where the Sellers only responsibility is to make goods available at his own premises. He has no responsibility for loading the goods. The Buyer bears full cost and risk in transporting the goods from there to final destination

FAS - Free Alongside Ship

The Seller's obligations are fulfilled as soon as the goods have been placed alongside the ship on the quay. The Buyer bears all costs and risks from then on.

FCA - Free Carrier (Named Point)

The Seller's obligation is met when the goods are transferred into the custody of the Carrier, at the Name Point. The risks transfers from Seller to Buyer at this point. "CARRIER" is defined as "any person by whom or In whose name a contract of carriage by distribution, rail, air, sea or a combination of modes has been made"

FOB - Free on Board

The goods are put on board the ship by the Seller at the Port of shipment named in the contract. The risk transfers to the Buyer as the goods pass over the ship's rail at the Port of loading.

CFR - Cost and Freight

The Seller pays the cost and freight of the goods to the named Port of destination. The risks are the Buyer's responsibility from when the goods pass over the ship's rail at the Port of loading

CIF - Cost Insurance and Freight

Similar to CFR but here it is the Seller's duty to arrange all the insurance on behalf of the Buyer and pay the premium.

CIP - Carriage & Insurance paid to (Named Destination)

The Seller now has to obtain insurance to cover all risks to he named destination.

CPT - Carriage Paid To

The Seller pays the freight for the carriage of the goods to the named destination. The risks transfers to the Buyer when the goods are in the custody of the first carrier.

DAF- Delivery At Frontier (To Named Place)

The Seller's obligations end when the goods have arrived at the Frontier but before entering the customs process at the Country named in the contract.

DDP - Delivered Duty Paid

The Seller pays all costs involved in delivering the goods to the Buyer, with the exception of import duty, taxes and any other official charges levied at importation.

DDU - Delivered Duty Unpaid

The Seller pays all costs involved in delivering the goods to the Buyer, with the exception of import duty, taxes and any other official charges levied at importation.

DES - Delivered Ex Ship

The Seller's responsibility for all charges to deliver the goods to the Port of destination named in the contract. The risk transfers to the Buyer on board ship.

DEQ - Delivered Ex Quay (Duty Paid)

The Seller makes the goods available to the Buyer on the quay at the port of destination named in the contract the risk then transfers to the Buyer

DBA - Duty on Buyers Account

In this variation the liability to clear the goods for import are met by the Buyer. "It is recommended that the full description is used to avoid misunderstandings. Do not rely on "Ex Quay" on its own".