What are Incoterms for International Trade Prices? What are the classifications?

Incoterms 2000 13 terms in four groups.

Group E (1 pcs.).

EXW Ex Works (......Designated location).

Group F (3 pcs.).

FCA Free Carrier (......Designated location).

FAS Free Alongside (......Named port of shipment) (Ocean Freight) FOB Free on Board (......Designated port of shipment) (ocean freight) Group C (4).

CPT Shipping Fee Paid To (......Specify the destination).

CIP Freight, Insurance Paid to (......Named Destination) CFR Cost & Freight (......Designated Port of Destination) (Sea Freight) CIF Cost, Insurance & Freight (......Designated destination port) (maritime) Group D (5).

DAF Frontier Delivery (......Designated location).

DDU Delivered Duty Unpaid (......Specify the destination).

DDP Duty Paid Delivery (......Specify the destination).

DES Free on Board (......Designated Port of Destination) (Sea Freight) DEQ Delivered at Destination (......Designated Port of Destination) (Sea Freight) Incoterms 2010 The 11 terms are divided into two categories.

Applicable to any single mode of transport or multiple modes of transport (7 pcs) EXW EXW.

FCA Free Carrier (......

CPT Shipping Fee Paid To (......

CIP Freight, Insurance Paid to (......

DAT Delivery at the end of the shipment.

DAP Destination Delivery.

DDP Delivered Duty Paid.

Terms applicable to maritime and inland water transport (4).

FAS Free Alongside (......

FOB Free on Board.

CFR Cost & Freight.

CIF cost, insurance plus freight.

FOB and CIF just want to think about these two, and it seems that there is another one that I have forgotten.

Group I: Seven terms that apply to any mode of transport: EXW, FCA, CPT, CIP, DAT, DAP, DDP.

EXW(EX Works) Ex Works.

FCA (Free Carrier) is a free carrier.

CPT (carriage paid to) is paid to the destination.

CIP (carriage and insurance paid to) The insurance premium is paid to the destination.

DAT (Delivered at Terminal) is delivered at a terminal at the destination or destination port.

DAP(Delivered at Place).

DDP (Delivered Duty Paid)

Group 2: Four terms applicable to water modes of transport: FAS, FOB, CFR, CIF.

FAS (Free Alongside Ship) is delivered alongside ship at the port of shipment.

FOB (Free On Board) is delivered free on board at the port of shipment.

CFR (Cost and Freight).

CIF(Cost Insurance and Freight) Cost, insurance and freight.

Extended information: Trade terms, also known as price terms, are special terms that have been produced in long-term international practice to indicate the composition and delivery conditions of a transaction, and to determine the risks, responsibilities, and cost division between buyers and sellers.

1.It is beneficial for buyers and sellers to negotiate transactions and conclude contracts. Since each of the first terms has a unified interpretation of the obligations of the buyer and the seller, it is conducive to the buyer and the seller to clarify their respective rights and obligations and close the transaction as soon as possible.

2.Beneficial for both buyers and sellers to calculate** and costs. Various terms have a clear definition of who bears the costs, freight and insurance premiums, and it is easier for buyers and sellers to calculate the costs and costs.

3.It is conducive to resolving disputes in the performance of the contract. Since the terms are interpreted by the relevant international practices, the disputes between the buyer and the seller in the transaction can be interpreted by the international practices.

1. Free on board (FOB).

The term is "free on board" in Englishnamed port of shipment)" i.e. "Free on board (...)designated port of shipment)".

It means that the seller delivers the goods at the designated port of shipment, and the buyer must bear all the costs, risks, loss or damage to the goods after the goods have passed over the ship's side, and requires the seller to go through the export customs clearance procedures for the goods. This term applies to sea or inland waterway transport.

2. Cost, insurance and freight (CIF).

The term is "cost, insurance and freight" (..).named port of shipment)" i.e. "cost, insurance and freight (...)Designated port of destination)".

It means that in addition to the seller's obligations as the term "cost and freight", the seller is also required to purchase marine insurance and pay insurance premiums for loss of or damage to the goods while the goods are in transit. This term applies to sea or inland waterway transport.

3. Delivered Duty Paid (DDP).

The term is "delivered duty paid(...").

named place

ofdestination)", i.e., "Delivered Duty Paid (...)Specify the destination).It means that the seller will deliver the prepared goods at the designated place in the country of import, and bear all the costs and risks of transporting the goods to the designated place, and handle the import customs clearance.

This technique can be applied to a variety of transportation methods.

1. EXW (EX Works): factory delivery (designated location). Unless otherwise specified, the seller is not responsible for loading the goods onto the vehicle or ship arranged by the buyer, nor for carrying out export customs clearance.

The buyer bears all costs and risks from the time of delivery to the final destination at the seller's factory. 2. FCA (Free Carrier): delivery carrier (designated place).

This term refers to the fact that the seller must deliver the goods to the custody of the carrier designated by the buyer at the designated place within the delivery period specified in the contract, and bury and bear all costs and risks of loss or damage to the goods before the goods are placed in the custody of the carrier. In addition, the seller shall go through all the necessary customs formalities for export. 3、cfr(cost and freight)：

Cost & Freight (specified port of destination). It means that the seller must deliver the goods to the ship destined for the designated port of destination at the port of shipment within the shipping period specified in the contract, bear all costs and the risk of loss or damage to the goods until the goods cross the ship's side, and be responsible for chartering and booking the ship and paying the normal freight to the port of destination. 4、daf(delivered at frontier)：

Delivery at the border (at the specified location). It means that the seller transports the goods to the border place designated by the buyer, delivers the goods that have not been unloaded on the means of transport still in delivery to the buyer, and completes the export customs clearance procedures of the goods, and bears all the costs and risks required to transport the goods to the designated place on the border. This place is the border of any country, including the exporting country (including the transit country), in front of the customs adjacent to the border guard.

The import clearance procedures are handled by the buyer. 5. DDP (Delivered Duty Paid): Delivered after duty paid in the importing country (designated destination).

It means that the seller transports the goods to the place designated by the importing country, delivers the goods that have not been unloaded on the delivery means of transport to the buyer, and the seller is responsible for the import declaration and delivery of any import "taxes" due at the destination when customs formalities are required. The seller bears all costs and risks before delivering the goods to the buyer. This term should not be used when the seller is unable to obtain an import licence directly or indirectly.

DDP is the term for which the seller is most liable.