FATIMA GUADARRAMA LÓPEZ DN 4A

INCOTERMS
¿WHAT IS?
The Incoterms are a series of standardized terms that are used
in international purchase-sale contracts and that serve to
determine the obligations of the parties when integrating the
merchandise. There are 13 Incoterms.

TERM "E"
EXW (Ex-works; Factory): the exporter
makes the goods available to the buyer at
their own premises. From that moment on,
all expenses (transportation, insurance,
customs, etc.), as well as the risks of
deterioration or loss of the merchandise, will
be paid by the importer.

TERM "F"
FCA (Free-carrier): the exporter must deliver the merchandise to
the contracted carrier in the place of agreement with the
customs procedures for leaving the country and completed. Up
to that moment, all expenses and risks are borne by the
exporter and from said delivery, by the importer.
FAS (Free alongside ship): the importer must deliver the
merchandise placing it next to the ship and with the customs
formalities for leaving the country already completed. The cost
and risk of shipment and all that originate from that moment will
be borne by the importer.
FOB (Free on board): in this case the exporter delivers the
merchandise once it is already shipped and with the customs
export formalities completed.

TERM "C"
CFR (Cost and freight): the exporter delivers the merchandise at
the agreed port of destination, but in this case he not only has to
ship the merchandise, but also bears the cost of the journey to
the port of destination.
CIF (Cost, insurance and freight): the exporter delivers the
merchandise at the port of destination, but unlike the previous
one, he also bears the cost of transport insurance.
CPT (Carriage paid to): it is similar to the CFR but in this case it
can be used with any type of transport.
CIP (Carriage and insurance paid to): it is similar to the CIF clause
but in this case it can also be used with any type of transport.

TERM "D"
DAF (Delivered at frontier): the exporter must deliver the merchandise at
the agreed border point, paying all expenses until then.
DES (Delivered ex ship): the exporter delivers the merchandise on the ship,
once it has arrived at the port of destination, but before being
disembarked. The expenses and risks of unloading are borne by the
importer.
DEQ (Delivere ex quay): the exporter bears all the costs and risks until the
merchandise is placed in the port of destination and once the customs
formalities of the importing country have been completed.
DDV (Delivered duty unpaod): the exporter must deliver the merchandise at
the agreed point, bearing all costs and risks.
DDP (Delivered duty paid): it is the same as the previous one but in this
case the exporter also processes the customs duties of the country of
destination.