Passing of risks and costs

Passing of risks and costs

INCOTERMS 2010 Passing of risks and costs
INCOTERMS
Code

INCOTERMS
P0404

INCOTERMS
SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER
EXW

DAP

DDP

FOB
FCA

CFR
CPT

DAT

FAS
Code
Code
INCOTERMS
CIP

TERMINAL TERMINAL

CIF
EX Works (… named place) Code
EXW

Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.
RISKS
COSTS

8 BUYER
SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER
Free CArrier (… named place)
TERMINAL TERMINAL
EX WorksRISKS
(… named place)
FCA

costs on transfer of the goods are for

contracts should clearly state which
RISKS COSTS EXW

documents. Sales and purchase

Covers all costs except costs of

account of buyer and / or seller.

TERMINAL
COSTS
Carriage Paid To (…named place of destination)

7 CARGO
Free CArrier (… named place)
RISKS CPT
RISKS COSTS FCA
COSTS
Carriage and Insurance Paid to (…named place of destination)
Carriage Paid
RISKSTo (…named place of destination) CIP
CPT

Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010
CUSTOMS
RISKS COSTS
COSTS
Delivered At Terminal (… named place)
DAT
all modes of transport

Carriage and
RISKSInsurance Paid to (…named place of destination)
CIP

This document is provided to our customers for informational purposes only.

RISKS COSTS

Costs
COSTS
Delivered At Place (…named place)
Delivered RISKS
At Terminal (… named place) DAP
DAT
all modes of transport

RISKS COSTS
COSTS
Delivered Duty Paid (…named place of destination)
Delivered At Place (…named place) DDP
RISKS DAP
Carriage and Insurance Paid to (…named place of destination)

COSTS

Cost, Insurance and Freight (…named port of destination)

Delivered Duty Paid (…named place of destination)
DDP
Delivered Duty Paid (…named place of destination)

Free Alongside Ship (…named port of shipment)

Carriage Paid To (…named place of destination)

Cost and FReight (…named port of destination)

INCOTERMS
INCOTERMS

the goods is a “risk”. Buyers and / or sellers

Free On Board (…named port of shipment)

Code
Code
3 CARGO CUSTOMS 4

which could cause loss of or damage to

can protect themselves against risks by

The possibility that an event may occur
Delivered At Terminal (… named place)

SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER

Delivered At Place (…named place)

TERMINAL TERMINAL INCOTERMS

INCOTERMS
TERMINAL

Code
Code
Free Alongside Ship (…named port of shipment)
Free CArrier (… named place)

RISKS FAS
SELLER 1 2
COSTS 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER
TERMINAL TERMINAL
Free On Board (…named port of shipment)

transport-insurance.
Free Alongside
RISKS Ship (…named port of shipment) FOB
FAS
COSTS transport

RISKS COSTS
2

COSTS
Cost and FReight (…named port of destination)
and inland

Free On Board
RISKS (…named port of shipment) CFR
FOB
SELLER 1

RISKS COSTS
waterway

Risks
waterway transport

COSTS

COSTS

COSTS

COSTS
COSTS

COSTS

COSTS

COSTS

COSTS

RISKS

RISKS

RISKS

RISKS
RISKS

RISKS

RISKS

sea RISKS

RISKS

RISKS

COSTS
Cost, Insurance and Freight (…named port of destination)
Cost and FReight
RISKS (…named port of destination) CIF
sea and inland

RISKS COSTS CFR

COSTS waterway transport
Cost, Insurance and Freight (…named port of destination)
CIF
all modes of transport sea and inland
RISKS
COSTS
Risks Costs
The possibility that an event may occur Covers all costs except costs of
which could cause loss of or damage to documents. Sales and purchase
the goods is a “risk”. Buyers and / or sellers contracts should clearly state which
Risks can protect themselves against risks by Costs costs on transfer of the goods are for
transport-insurance.
The possibility that an event may occur Covers allaccount of buyer
costs except andof/ or seller.
costs
which could cause loss of or damage to documents. Sales and purchase
the goodsRemark: ForBuyers
is a “risk”. detailed explanation
and / or sellersreference is made to ICC publication
contractsINCOTERMS 2010
should clearly state which
can protect themselves against risks by costs on transfer of the goods are for
P0404

transport-insurance. account of buyer and / or seller.

This document is provided to our customers for informational purposes only.
Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010
P0404

This document is provided to our customers for informational purposes only.

Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.

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