International trade terms

(A) factory delivery (EXW) The term English is "EX Works (... named place)", that is, "factory delivery (... designated location)". It means that the seller has the responsibility to deliver the goods to the buyer at the location of the shop, factory, warehouse, etc., but is usually not responsible for loading the goods on the vehicle prepared by the buyer or handling the goods. The buyer assumes the full cost and risk of shipping the goods from the seller's location to the intended destination. In the case of


(2) Cargo carrier (FCA)

The term English is "Free Carrier (... named place)", that is, "Cargo Cargo (... designated place)". It means that the seller is responsible for the transfer of the goods, for customs clearance, the designated place to the buyer to the designated transport carrier. According to commercial practice, when the seller is required to cooperate with the carrier through the signing of the contract, the buyer at risk and the cost of the case, the seller can do the same. This term applies to any mode of transport. In the case of


(3) Delivery by ship (FAS)

The term "shipping port" ("named port of shipment") is the " It means that the seller has delivered the goods to the ship at the designated port or barge, from which the buyer shall bear the full cost and risk of the loss or damage of the goods, and the buyer shall handle the export clearance. This term applies to sea or river transport. In the case of


(4) Delivery on board (FOB)

The term English is "Freeport on" ("named port of shipment"), ie "on board delivery (... named port of shipment)". It means that the seller delivers the goods to the ship's side at the designated port of shipment, and the buyer shall bear the full cost, risk, loss or damage of the goods on the side of the ship, and the seller shall require the seller to proceed with the export clearance of the goods. This term applies to sea or river transport. In the case of


(5) Cost and Freight (CFR or c & F) The term English is "Cost and Freight (named port of shipment)", that is, "cost plus freight (... named port)". It means that the seller must pay for the expenses and freight required to deliver the goods to the designated port of destination, but the risk, loss or damage of the goods, and the additional costs incurred after the accident, from the goods to the ship's deck, After the ship's side, the seller turned to the buyer's burden. In addition to the seller for the export of goods clearance procedures. This term applies to sea or river transport. In the case of


(6) Costs, insurance and freight (CIF)

The term English is "Cost, Insurance and Freight (... named port of shipment)", that is, "cost, insurance and freight (... named port)". It means that the seller shall, in addition to the same obligations as the term "cost plus freight", the seller shall also be responsible for the carriage of the goods in the course of transport by the buyer to bear the loss of or damage to the goods and pay insurance premiums. This term applies to sea or river transport. In the case of


(7) Freight paid to (CPT)

This term is "Carriage Paid to": tid to (... named place of destination) ", that is," freight paid to (designated destination) ". This term refers to the seller to pay the goods shipped to the designated destination of the freight. Any additional costs arising from the risk of loss or damage to the goods and the event of the event of delivery of the goods to the carrier shall be transferred from the seller to the buyer at the time when the goods have been delivered to the carrier. In addition, the seller must handle the goods export clearance procedures. This term applies to a variety of modes of transport, including multimodal transport. In the case of


(8) Freight and insurance payments (CIP)

The term "Carriage and Insurance Paid to (... named place of destination)", that is, "freight and insurance paid to (... named destination)." It means that the seller in addition to the " Designated destination "), the seller must also handle the goods in the transport should be borne by the buyer of the goods loss or damage the risk of marine insurance and pay insurance premiums. This term applies to any mode of transport. In the case of


(9) border delivery (DAF)

The English language of this term is "Delivered at Frontier (... named place)", that is, "border delivery (... designated location)". It means that the seller has the obligation to transport the prepared goods to the designated place on the border, to handle the export clearance of the goods, and to deliver the goods before the customs clearance of the neighboring countries. This term applies mainly to goods transported by rail or road, Other modes of transport. In the case of


(Ten) destination port ship delivery (DES)

The term "English" is "Delivered Ex Ship (named port of destination)", that is, "the port of destination delivery (... named port of destination)". It means that the seller fulfills the obligation to deliver the goods to the buyer if the goods are not handled at the port of destination at the port of destination, so that the seller shall bear all the costs including the carriage of the goods to the named port of destination With the risk. This term applies only to maritime or inland waterways. In the case of


(11) Port of destination delivery (DEQ)

The term "Delivered Ex Quay (Duty Paid) (" named port of destination ") is the" port of destination "(tariff paid) (... designated port of destination). The term means that the seller fulfills the obligation to deliver the goods to the buyer at the port of the designated port, to the buyer, and to the seller to bear all risks and expenses, including customs, taxes and other deliveries The cost of appearing. This term applies to sea or river transport. In the case of


(12) Duty-free delivery (DDU)

The term "English" is "Delivered Duty Unpaid (... named place of destination)", ie "Dutiable Delivery (... named destination)". It means that the seller will deliver the goods at the designated place of the importing country and bear all the costs and risks of the goods to the designated place (excluding customs duties, taxes and other official costs payable at the time of importation) The costs and risks of handling customs formalities. The Buyer shall bear the additional costs and risks arising from the failure to handle the import of goods in time. This term applies to a variety of modes of transport. In the case of


(13) Duty-paid delivery (DDP)

The term "English" is "Delivered Duty Paid (... named place ofdestination)", that is, "after-tax delivery (... named destination)". It means that the seller will deliver the goods in the designated place of the importing country, and bear all the costs and risks of transporting the goods to the designated place and handling the import customs clearance. This term applies to a variety of modes of transport.


(14) DAP (delivered at place) means that the seller has delivered the goods to the destination specified by the buyer by means of means of transport, and the goods (not to be unloaded) loaded on the means of transport are delivered to the buyer , That is, to complete the delivery. The term is from INCOTERMS 2010.