Defined by the International Chamber of Commerce (ICC), INCOTERMS® 2010 are a commonly in international commercial transport to clearly stipulate the obligations of buyers and sellers within international transactions and procurement processes.
Within the terms exist two categories, common terms and terms specific for sea and inland waterway transport.
These group 1 terms are common to all forms of transport.
|CIP||Carriage and Insurance Paid To|
|CPT||Carriage Paid To|
|DAT||Delivered at Terminal|
|DAP||Delivered at Place|
|DDP||Delivered Duty Paid|
|DDU||Delivered Duty Unpaid|
These group 2 terms are only used for sea and inland waterway transport.
|CIF||Cost, Insurance, and Freight|
|CFR||Cost and Freight|
|FAS||Free Alongside Ship|
|FOB||Free on Board|