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Array

INCOTERMS

EXW
Ex-works, ex-factory, ex-warehouse, ex-mill.
The seller has to deliver brilliant His obligation to put the goods in your factory, workshop, etc. available to the buyer. It is responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, UNLESS Agreed otherwise. The buyer bears all costs and Risks of the goods from the sellers premises to the end destination.

FCA
Free carrier (Free Carrier – Free Carrier)
The seller fulfills His obligation to place the goods at the place fixed by the carrier, after customs clearance for export. If the buyer has not set any specific point, the seller choose May Within the stipulated point area Where the carrier will take care of the merchandise. This term can be used formally any mode of transport, treats including multimodal.

FOB
(Free on Board – Free on board)
It is followed by the port of embarkation, for example. F.O.B. Buenos Aires. It Means That the goods are on board the ship Placed With all expenses, fees and Risks borne by the seller Until the goods Have passed the ships rail, with freight excluded. It requires the seller to clear the goods for export. This term can only be used for transport by sea or inland waterways.

FAS
(Free Alongside Ship – Free Alongside Ship)
The abbreviation is followed by the name of the port of embarkation. The price of the merchandise is meant Placed along (side) of the vessel at the port, on the dock or barge, with all costs and Risks To That point by the seller. The buyer must clear the goods through customs. This term can only be used for transport by sea or inland waterways.

CFR
(Cost & Freight – Cost and Freight)
The abbreviation is followed by the name of the destination port. The price includes the goods at the port of destination, freight paid but not covered Surely. The seller must clear the goods through Customs and can only be used in the case of transport by sea or inland waterways.

CIF
(Cost, Insurance & Freight – Cost, Insurance and Freight)
The abbreviation is followed by the name of the port of destination and the price includes the merchandise put in port of destination freight and insurance paid covered. The seller Contracts for insurance and pays the insurance premium. The seller is only required to Obtain insurance coverage With minimum.

CPT
(Carriage paid to -Transportation Paid To)
The seller pays the freight transport of goods to the named destination. The risk of loss or damage is Transferred from seller to buyer When the goods delivered to Have Been the carrier. The seller must clear the goods for export.

CIP
(Carriage and Insurance Paid to – Carriage and Insurance Paid to)
The seller has the same obligations as under CPT but must also obtain insurance office.

DAF
(Delivered at Frontier – Delivered border)
The seller fulfills his obligation when he delivers the goods, cleared customs at the place agreed the border but before the customs border of the adjoining country. It is essential to accurately indicate the point of the corresponding border.

DES
(Delivered ex Ship – Delivered Ex Ship)
The seller fulfills his obligation when the goods available to the buyer on board the ship at the port of destination without clearing customs for import.

DEQ
[Delivered ex Quay (Duty Paid) – Delivered Ex Quay (duty paid)]
The seller fulfills his obligation when the goods available to the buyer on the quay at the port of destination, cleared for importation.

DDU
(Delivered Duty Unpaid – Delivered Duty Unpaid)
The seller fulfills his obligation when the goods available to the buyer at the named place in the importing country. The seller bears all costs and risks associated with the delivery of the goods to that place (excluded right, official loads and taxes), as well as the costs and risks of carrying out customs formalities.

DDP
(Delivered Duty Paid – Delivered Duty Paid)
The seller assumes the same obligations as in D.D.U. plus duties, taxes and charges necessary to bring the goods to the named place.

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