Delivery Duty Unpaid (DDU)

Seller delivers the goods to the buyer, not cleared for import, not unloaded from any arriving means of   transport at the named place of destination.

Seller bears the costs & risk to bring the goods thereto other than, where applicable, any duty for   import in the country of destination.

Buyer bears the cost of duty as well as any costs & risks caused by his failure to clear the goods for     import on time.

 Delivery Duty Paid (DDP)

Seller delivers the goods cleared for import, not unloaded from any arriving means of transport at     named place of destination.

The seller bears all cost & risks involved in bringing the goods there to including, where applicable,
   any duty for import in the country of destination.

This term should not be used if the seller is unable directly or indirectly to obtain the import license.

 Cost, Insurance, Freight (CIF)

Seller delivers when the goods pass the ship's rail in the port of shipment cleared for export.

Seller must pay the cost & freight necessary to bring the goods to the named port of destination BUT   the risk of loss or damage to the goods, as well as any additional costs due to events occuring aftre   the time of delivery, are transferred from the seller to the buyer.

The seller has to procure the minimum insurance coverage against the buyer's risk of loss of or   damage to the goods during the carriage.

The buyer can purchase extra coverage with the shipper or make his own additional insurance   arrangements.

 Carriage Paid To (CPT)

Seller delivers the goods to the carrier and must in addition pay the cost of carriage to named   destination cleared for export.

Buyer bears all risks & any other costs occuring after the goods have been so delivered.
  If subsequent carriers are used for the carriage to the agreed destination, the risk passes when the   goods have been delivered to the first carrier.

 This term may be used irrespective of the mode of transport including multimodal transport.

  Cost and Freight (CFR)

Seller delivers when the goods pass the ship's rail in the port of shipment cleared for export.

Seller must pay the cost and freight necessary to bring the goods to the named port of destination   BUT the risk of loss of or damage to the goods, as well as any additional costs due to events accuring   after the time of delivery, are transferred from the seller to the buyer.

This term can be used only for sea and inland waterway transport.

 EX Works (EXW)

Seller delivers when he places the goods at the disposal of the buyer at the seller's premises or   another named place not cleared for export and not loaded on any collecting vehicle.

Buyer bears all costs and risks involved from the seller's premise.

This term thus represents the minimum obligation for the seller and the buyer has to bear all costs
  and risks involved in taking the goods from the seller's premises.

 Free Carrier (FCA)

Seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named
   place.

If delivery occurs at the seller's premises, the seller is responsible for loading.

If delivery occurs at any other place, seller is not responsible for unloading.

Carrier means any person who, in a contract of carriage, undertake to perform or procure  the   performance of transport by rail, road, air, sea, inland waterway or by a combination of such modes.

This term may be used irrecpective to the mode of transport, including multimodal transport.

 Free on Board (FOB)

Seller delivers when the goods pass the ship's rail at the named port of shipment cleared for export.

Buyer has to bear all costs and risks of loss of or damage to the goods from that point.

This term can be used only for sea or inland waterway transport.

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