INCOTERMS 2010

Incoterms rules is an internationally re-

cognized standard for international and
domestic contracts for the sale of goods,
published by the International Chamber of
Commerce. This illustration shows risk
and cost distribution between seller and export customs reloading import customs
Loading at Initial cargo reloading at transport to Unloading at
buyer in accordance with Incoterms 2010. Sellers place clearance, at carriers loading main transport unloading clearance, duty
seller transport insurance freight terminal destination consignee
duty paid terminal & taxes paid
RISK
exw COST
Ex Works
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

RISK
fca COST
Free Carrier
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

RISK
fas COST
Free alongside ship
SEA ONLY

RISK
fob COST
FRee on board
SEA ONLY

RISK
cfr COST
cost & freight
SEA ONLY

cif RISK
COST
cost, insurance &
freight SEA ONLY

RISK
cpt COST
carriage paid to
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

cip RISK
COST
carriage, insurance
paid ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

RISK
dat COST
Delivered at terminal
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

RISK
dap COST
Delivered at place
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)
RISK
ddp COST
Delivered duty paid
ALL TYPES OF TRANSPORT (BY ROAD, SEA, AIR, RAIL)

Please note: Above are guidelines only and can not be used as a full and complete illustration of the cost and risk distribution between seller buyer when using incoterms.
seller and buyer

Incoterms should always be followed by a named place of delivery. Compulsory cargo insurance is part of CIF and CIP clauses only.

3 edition, 15.11.2010 - JBL/DH Blue Water Shipping A/S