EXW (Ex Works) Means that the seller delivers when he places the goods at the disposal of the buyer at the seller’s premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle…

FCA (Free Carrier) Means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place…

FAS (Free Alongside Ship) Means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment…

FOB (Free On Board) Means that the seller delivers when the goods pass the ship’s rail at the named port of shipment…

CFR (Cost and Freight) Means that the seller delivers when the goods pass the ship’s rail in the port of shipment…

CIF (Cost, Insurance and Freight) Means that the seller delivers when the goods pass the ship’s rail in the port of shipment…

CPT (Carriage Paid To) Means that the seller delivers the goods to the carrier nominated by him but must also pay carriage costs to the named destination…

CIP (Carriage and Insurance Paid) Means the seller delivers to the carrier and pays for carriage and insurance to the destination…

DAF (Delivered At Frontier) Means delivery is made at the frontier, not cleared for import, before the customs border of the adjoining country…

DES (Delivered Ex Ship) Means that delivery occurs onboard the ship at the named port of destination, not cleared for import…

DEQ (Delivered Ex Quay) Means delivery occurs on the quay at the named destination port, not cleared for import…

DDU (Delivered Duty Unpaid) Means goods are delivered not cleared for import, and the buyer is responsible for import duties and clearance…

DDP (Delivered Duty Paid) Means the seller delivers cleared goods to the buyer and covers all costs including import duties…