Group F trade terms
FOB on board delivery (...designated port of shipment)
"On board delivery (...designated port of shipment)" is when the goods pass the ship's rail at the designated port of shipment and the seller completes the delivery. This means that the buyer must bear all risks of loss of or damage to the goods from that point on. The FOB term requires the seller to clear the goods for export.
FAS shipside delivery (...designated port of shipment)
"Shipping by ship (...designated port of shipment) means that the seller delivers the goods to the side of the ship at the designated port of shipment, that is, the delivery is completed. The buyer must bear all risks of loss of or damage to the goods since then.
FCA cargo carrier (...designated location)
"Cargo carrier (...designated place)" means that the seller delivers the goods as soon as the goods are delivered to the carrier designated by the buyer at the designated place and the export customs clearance procedures are completed. It should be noted that the choice of delivery location will have an impact on the obligation to load and unload at that location. If the seller delivers at its location, the seller shall be responsible for loading the goods, and if the seller delivers at any other location, the seller is not responsible for unloading the goods.
Group C trade terms
CIP shipping and insurance paid to (...specified destination)
"Freight and insurance paid to (...specified destination)" means that the seller delivers to the carrier of its design, but the seller must also pay the freight to ship the goods to the destination, ie after the buyer has undertaken the delivery of the seller. All risks and extra costs. However, in accordance with the CIP terminology, the seller must also insure the buyer of the risk of loss or damage to the goods in transit.
CPT shipping fee to (...specified destination)
"Freight paid to (...designated location)" means that the seller delivers to the carrier of its design, but the seller must also pay the freight to ship the goods to the destination. That is, the buyer bears all risks and other expenses after delivery.
CIF cost, insurance and freight (...specified destination port)
“Cost, insurance and freight” means that the seller completes the delivery when the goods cross the ship's rail at the port of shipment.
CFR cost plus freight (...specified destination port)
“Cost plus freight (...designated port of destination) means that the goods are delivered by the seller at the port of shipment, and the seller must pay the freight and fees required to transport the goods to the designated port of destination. However, the risk of loss or damage to the goods after delivery, as well as any additional costs due to various events, is transferred from the seller to the buyer.
square.
Group E trade term
EXW factory delivery (...designated location)
“Factory delivery (...designated location)” means that when the seller delivers the goods to the buyer at its location or at another designated location (such as a factory, factory or warehouse), the delivery is completed and the seller does not handle the export customs clearance. Or load the goods on any means of transport.
Group D trade terms
DEQ destination port delivery (...designated destination port)
“Delivery at the port of destination” means that the seller delivers the goods to the buyer at the designated port of destination, and does not complete the import clearance procedures, that is, the delivery is completed. The seller shall bear all risks and expenses of transporting the goods to the designated port of destination and unloading them to the terminal.
DES destination port ship delivery (...designated destination port)
"Delivery in the port of destination (...designated port of destination) means that the goods are delivered to the buyer at the designated port of destination, but the goods are not cleared for customs clearance, and the seller completes the delivery. The seller must bear all risks and expenses before the goods are shipped to the designated port of destination for unloading. If the parties want the seller to bear the risks and expenses of unloading, the DEQ term should be used.
DDP duty-paid delivery (...designated destination port)
“Cost plus freight (...designated port of destination) means that the goods are delivered by the seller at the port of shipment, and the seller must pay the freight and fees required to transport the goods to the designated port of destination. However, the risk of loss or damage to the goods after delivery, as well as any additional costs due to various events, is transferred from the seller to the buyer.
DDU duty-free delivery (...designated destination port)
“Unpaid delivery (...designated destination)” means that the seller delivers the goods to the buyer at the designated destination, does not go through the import formalities, and does not remove the goods from the delivered means of transport. goods. The seller shall bear all risks and expenses for transporting the goods to the designated destination, excluding any “taxes and fees” (including the duties and risks of customs formalities) and the payment of customs duties at the destination country when customs formalities are required. Fees, customs duties, taxes and other fees). The buyer must bear the “taxes” and the costs and risks caused by the failure to timely import and export goods.
DAF border delivery (...designated location)
“Border delivery (...designated location)” means that when the seller is at the designated location and the specific delivery point at the border, the goods that have not been unloaded on the means of delivery that are still on delivery are handed over to the customs border of the country. The delivery of the goods is completed when the buyer disposes of the goods and completes the customs clearance of the goods but has not yet completed the import clearance procedures. The term “border” can be used on any border, including the borders of exporting countries. Therefore, it is extremely important to accurately define the borders referred to by the designated location and the specific delivery point.
Trade term
