OpenDevelopment

INCO®

Origin

Ground

Port of Origin

Vessel

Port of Destination

Ground

Destination

EXW Ex Works

Seller

Buyer Exporter & Importer

FCA Free Carrier

Seller Exporter

Buyer Importer

FAS Free Alongside Ship

Seller Exporter

Buyer Importer

FOB Free On Board

Seller Exporter

Buyer Importer

CFR Cost & Freight

Seller Exporter

Freight

Buyer Importer

Insurance

Risk

CIF Cost, Insurance & Freight

Seller Exporter

Freight

Buyer Importer

Insurance

Risk

DAT Delivered At Terminal

Seller Exporter

Buyer Importer

CPT Carriage Paid To

Seller Exporter

Freight

Buyer Importer

Insurance

Risk

CIP Carriage and Insurance Paid To

Seller Exporter

Freight

Buyer Importer

Insurance

Risk

DAP Delivered At Place

Seller Exporter

Buyer Importer

DDP Delivered Duty Paid

Seller Exporter & Importer

Buyer

Incoterms Quick Reference Card