Inkoterms

International Commercial Terms is a complex of international rules for the interpretation of the most commonly used trade terms. These international trade rules are the standard bargain and sale conditions, which regulate the transfer of freight ownership moment with all connected risks.

Incoterms establish the rules, regulating the matter of goods delivery from seller to buyer. This includes the carriage proper and the responsibility for the export of goods. Te rules assign the responsible for the payment for delivery, customs clearance, and risk insurance astride f

Incoterms were introduced by the International Chamber of Commerce in 1936. In 1953, 1967, 1976, 1980, 1990 and 2000 the document was updated.

At present Incoterms are valid in the 2000 revision, which contains a clearer and simpler terms interpretation. Incoterms 2000 were updated with a glance to current trends in the international trade development.

1 DDP — DELIVERED DUTY PAID
2 DDU — DELIVERED DUTY UNPAID
3 DEQ — DELIVERED EX QUAY
4 DES — DELIVERED EX SHIP
5 DAF — DAF DELIVERED AT FRONTIER
6 CIP — CARRIAGE AND INSURANCE PAID TO
7 CPT - CARRIAGE PAID TO
8 CIF — COST, INSURANCE AND FREIGHT
9 CFR — COST AND FREIGHT
10 FOB — FREE ON BOARD
11 FAS — FREE ALONGSIDE SHIP
12 FCA — FREE CARRIER
13 EXW — EX WORKS