INCOTERMS

Match the first half of the sentence from 1 - 10 with the second half from a - j.
1. EXW (Ex-works) means that the seller makes the goods available to the
buyer at the seller’s own premises;
2. Group F Incoterms, including FCA (Free carrier), mean that main
carriage is not paid by the seller,

3. For example “FAS Rotterdam” means “free alongside ship, Rotterdam”;

this price includes

4. “FOB Liverpool” means “free on board, Liverpool”; in other word the

seller’s price

5. Group C Incoterms are shipment contracts to a named destination port,

with carriage paid by the seller; Group D

6. CFR ia a price covering “cost and freight,” but not insurance, to a named
port of destination; CIF

7. CPT means “carriage paid to” a destination, which could be inland, with
the risk of loss or damage transferred to the buyer, whereas

8. DAF (plus named place) means “delivered at frontier”: the seller delivers

9. DES means “delivered ex ship”; i.e the seller makes the goods available to
the buyer on board the ship, whereas DEQ

10. DDP is an inclusive price for goods “delivered duty paid” to the buyer’s
premises; i.e the seller pays all customs taxes and charges;

a. also includes the cost of loading the goods onto the ship.
b. CIP is “carriage and insurance paid,” where the seller is responsible for cargo
insurance.
c. DDU, “delivered duty unpaid,” is the same except that the buyer is
responsible for the importation charges.
d. i.e the buyer bears all the costs and risks involved in transporting the goods.
e. is the same, except that the seller also arranges marine insurance.
f. means “delivered ex quay (duty paid)”: the seller makes the goods available to
the buyer on quay or wharf, and pays the import duties.
g. to the named point and place on the frontier, before customs clearance.
h. terms are arrival terms, where the seller also bears all the risks needed to
bring the goods to the country of destination.
i. transport as far as the port; the buyer pays for loading onto the ship.
Shipping, and insurance.
j. who delivers the goods to a carrier named by the buyer.
Answer 1d 2j 3i 4a 5h 6e 7b 8g 9f 10c