L O T U S - M A R I N E

Incoterms

Incoterms

EXW : ex-works – buyer pays all transport costs from shipper’s factory
FCA : free carrier – seller pays to deliver goods to a carrier nominated by buyer
FOB : free on board – seller pays to deliver goods on board an ocean vessel
CFR : cost and freight – seller pays to deliver goods to an overseas port
CIF : cost, freight and insurance – seller pays to deliver goods to an overseas port and pays insurance
CPT : carriage paid to – seller pays to deliver goods to an overseas airport
CIP : carriage and insurance paid to – seller pays to deliver goods to an overseas airport and pays insurance
DDU : delivered duty unpaid – seller pays to deliver goods to buyer’s plants excluding duties
DDP : delivered duty paid – seller pays to deliver goods to buyer’s plants including duties