Step 4/5: What are the (inco)terms of the transportation?
Costs
Risks
Insurance
Buyer
EXW
Seller is only responsible for making the goods available at the seller's premises.
The buyer bears the full risk from there to the destination.
The buyer bears the full risk from there to the destination.
FCA
Seller is responsible for delivery to the custody of the carrier, which is provided by the buyer.
Risk is transferred as soon as loading has taken place.
Risk is transferred as soon as loading has taken place.
FAS
Seller is responsible for delivery of the goods at the quay alongside the ship.
From this point onwards, risk lies with the buyer.
From this point onwards, risk lies with the buyer.
FOB
Seller is responsible for the delivery of the goods at the quay alongside the ship.
From this point onwards, risk lies with the buyer.
From this point onwards, risk lies with the buyer.
CFR
Seller is responsible for delivery of the goods loaded on board the ship.
Risk is transferred as soon as the goods have been set down inside the ship.
Risk is transferred as soon as the goods have been set down inside the ship.
CIF
Seller covers cost of insurance and freight, duty unpaid, to the named port of destination.
Risk is transferred as soon as the goods have been set down inside the ship.
Risk is transferred as soon as the goods have been set down inside the ship.
CPT
Seller delivers the goods to the carrier at an agreed place of delivery and pays for transport to the named destination.
Risk is transferred at the place of delivery, whereas seller pays for transport to the destination.
Risk is transferred at the place of delivery, whereas seller pays for transport to the destination.
CIP
Seller delivers the goods to the carrier at an agreed place of delivery and pays for transport and insurance to the named destination.
Risk is transferred at the place of delivery, whereas seller pays for transport and insurance to the destination.
Risk is transferred at the place of delivery, whereas seller pays for transport and insurance to the destination.
DAT
Seller delivers the goods unloaded at a specified place inside the agreed terminal.
Risk is transferred as soon as the goods have been unloaded.
Risk is transferred as soon as the goods have been unloaded.
DAP
Seller delivers the goods to the disposal of the buyer on the arriving means of transport at the agreed place.
Seller assumes the risk until the goods are made ready for unloading from the arriving means of transport.
Seller assumes the risk until the goods are made ready for unloading from the arriving means of transport.
DDP
Seller is responsible for bringing the goods to the destination, paying any duty and making the goods available to the buyer.
Risk is transferred as soon as the buyer has access to the goods ready for unloading at the agreed destination.
Risk is transferred as soon as the buyer has access to the goods ready for unloading at the agreed destination.
Costs
Risks
Insurance
Buyer
