Incoterms VV 2000
Transcript of Incoterms VV 2000
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E EXW
F FCA, FAS, FOB
C CFR, CIF, CPT, CIP
D DAF, DES, DEQ, DDU, DDP
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13 Terms 4 categories
Always 3-letter code plus named place(port, place of receipt, )
e.g.: FOB Plymouth or
FAS Victoria Quay, Plymouth M/V Grenland
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Group E departure
EXW Ex Works ( named place)
Group F Main carriage unpaidFCA Free Carrier (named place)FAS Free Alongside Ship (named place)
FOB Free On Board (named port of shipment)
Group C Main Carriage PaidCFR Cost and Freight (named port of destination)
CIF Cost Insurance and Freight (named port of destination)
CPT Carriage Paid To (named place of destination)CIP Carriage Insurance Paid To (named place of destination
Group D Arrival
DAF Delivered at Frontier (named place)DES Delivered Ex Ship (named port of destination)
DEQ Delivered Ex Quay (named port of destination)
DDU Delivered Duty Unpaid (named place of destination)DDP Delivered Duty Paid (named place of destination)
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Diagram of the Incoterms
EXWFCA
FAS FOBDEQ
DES
CPT
CIP
DDU
DDP
(DAF)
DAF
CFR
CIF
(DAF)
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Risks are transferred from the seller to the
buyer, when the goods have been placed
at thedisposal of the buyer at thesellers premisesor another named place
not cleared for export andnot loadedon
any collecting vehicle
EXW: Ex Works (.named place)
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F terms
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FAS: Free alongside ship (named port) Risks aretransferred to the buyer when the goods have beenplaced alongside the vessel nominated by the buyerat the named port of shipment
FCA: Free Carrier ( named place ) Risks aretransferred when the goods have been delivered tothe first carrier
FOB: Free On Board (named port of shipment )Risks are transferred as the goods pass the shipsrail at port of shipment
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E & F Terms
EXWtransport
risks
cost
FAS
FOB
transportriskcost
transportriskcost
FCAtransport
riskcost
BUYERSELLER
CLJOC projects:
Import, custom clearance, taxes andduties and transport to PTSCs site:
Reimbursable Receive, Offload, inspect, store, preserve
from any mode of transport at PTSCs site:incl. in LS or procurement mark-up.
Seller Site Service, Spares: Reimbursable
+ Percentage mark-up
Construction Site means any Contractor Group location where any or
all of the following activities are being performed as part of the Work:fabrication, construction, assembly, outfitting, and related activities.
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C Terms
CFR:Cost and Freight (named portof shipment): same transfer of risks
CIF: Cost ,Insurance and Freight(named):same transfer of risks as
for FOB and CFR
CPT: Carriage paid to (namedplace of destination) Risks transferredas indicated in FCA
CIP: Carriage, Insurance paid toRisks transferred as indicated in FCA
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C Terms
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CFRtransport
riskcost
CIFtransport + insurance
riskcost
CPT
CIP
transportriskcost
transport + insuranceriskcost
BUYERSELLER
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D Terms
DES: Delivered Ex Ship (namedport of destination) Risks aretransferred upon arrival, on board ofthe vessel when the goods havebeen placed at buyers disposal atthe unloading point.
DEQ: Delivered Ex Quay (namedport) Transfer of risks on the quay atthe port of destination
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...D Terms
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DDU: Delivered Duty Unpaid (named
place of destination) Risks are transferred
when goods have been placed at the
buyers disposal on any arriving means oftransport non unloaded at the named
place of destination
DDP: Delivered Duty Paid (namedplace..) Same as DDU but cleared out of
customs
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Responsibility
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DAF
DDU
DES
DEQ
transport + insuranceriskcost
transport + insuranceriskcost
transport + insuranceriskcost
transport + insuranceriskcost
BUYERSELLER
DDPtransport + insurance
riskcost
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Sale Terms Named Point Buyers Risk
EXW Sellers W/house High
FCA Airport of Loading Reduced
FOB Port of Loading Reduced
CFR Destined Country Further Reduced
CIF Destined Country Further Reduced
DDU Buyers Door Limited
DDP Buyers Door Very Limited