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Comparison of Incoterms in "General Rules 2000"

02

2023-03

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English and abbreviationsChinese full nameTrading locationsRisk divisionExport declarationImport declarationApplicable mode of transportationPrice marked

Ex Works

EXW

ex factoryseller premisesAfter the buyer takes over the goodsbuyerbuyerVarious modes of transportationDesignated place

Free Carrier

FCA

free carrierExport domestic mainland and port stipulated in the contractAfter the carrier takes over the cargoThe sellerbuyerdittoditto

Free Alongside Ship

FAS

FOBport of shipmentAfter the cargo is delivered to the side of the shipThe sellerbuyersea transport, inland water transportShipping port name

Free on Board

FOB

FOBport of shipment on boardcargo loaded on boardThe sellerbuyerdittoditto

Cost & Freight

CFR/CNF/C&F

cost plus freightdittodittoThe sellerbuyerdittoDestination port name

Cost Insurance and Freight

CIF

cost plus insurance plus freightdittodittoThe sellerbuyerdittoditto

Carriage Paid To

CPT

freight paid toExport domestic ports stipulated in the contractAfter the carrier takes over the cargoThe sellerbuyerVarious modes of transportationdestination name

Carriage & Insurance Paid To

CIP

Freight, insurance paid todittodittoThe sellerbuyerdittoditto

Delivered at Frontier

DAF

border deliveryDesignated place on the border between the two countriesAfter the buyer takes over the goodsThe sellerbuyerMostly used for land transportationborder designation point

Delivered ex Ship

DES

FOBport of destinationAfter the buyer receives the goods on boardThe sellerbuyerMultimodal transport of sea transport, inland water transport and FOB at the port of destinationDestination port name

Delivered ex Quay

DEQ

Delivery at port of destinationport of destinationAfter the buyer receives the goods at the port of destinationThe sellerbuyerdittoditto

Delivered Duty Unpaid

DDU

DEPDesignated place of importing countryAfter the buyer receives the goods at the designated placeThe sellerbuyerany mode of transportdestination name
Delivered Duty Paid

DDP

DEPdittodittoThe sellerThe sellerdittoditto


Freight operation common sense

How much does the FOB price know? What should I do if the goods are delivered without a bill of lading?

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