Invoice Term Type

EXW

EX Works

The seller delivers when he places the goods at the disposal of the buyer at the sellers premises.

FCA

Free Carrier

The seller delivers the goods, cleared for Export, to the carrier nominated by the buyer at the named place.

FAS

Free Alongside Ship

The seller delivers when the goods are placed Alongside the vessel at the names port of shipment.

FOB

Free On Board

The seller delivers when the goods pass the Ship's rail at the names port of shipment.

CFR

Cost & Freight

The seller delivers when the goods pass the Ship's rail in the port of shipment. The seller must pay the cost and freight necessary to bring the goods to the named port of destination.

CIF

Cost, Insurance& Freight

The sellers delivers when the goods pass the ship's rail in the port of shipment. The seller must pay the cost and freight necessary to bring the goods to the named port of destination. The seller also has to pay for insurance against loss or damage to the goods during the carriage.

CPT

Carriage Paid To

The seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the name destination.

CIP

Carriage & Insurance Paid To

The carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination.

DAF

Delivered at Frontier

The seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport not unloaded, cleared for export, but not cleared for import at the named point and place at teh frontier, but before the Customs border of the adjoining country.

DES

Delivered EX Ship

The seller delivers when the goods are placed at the disposal of the buyer on board the ship not cleared for import at the named port of destination.

DEQ

Delivered EX Quay

The seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the Quay (Wharf) at the named port of destination.

DDU

Delivered Duty Unpaid

The seller delivers the goods to the buyer, not cleared for Import, and not unloaded from any arriving means of transport at the named place of destination.

DDP

Delivered Duty Paid

The seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination.