Scribd Logo
Upload

Welcome to Scribd!

  • INCOTERMS - International Commercial Terms: Term EXW FCA FAS FOB CFR CIF CPT

    Uploaded by

    Dillip Kumar Nayak
    20 views2 pages
    First published in 1936, INCOTERMS rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. They are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

    Original Description:

    Original Title

    INCO TERM

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    First published in 1936, INCOTERMS rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. They are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views2 pages

    INCOTERMS - International Commercial Terms: Term EXW FCA FAS FOB CFR CIF CPT

    Uploaded by

    Dillip Kumar Nayak
    First published in 1936, INCOTERMS rules provide internationally accepted definitions and rules of interpretation for most common commercial terms. They help traders avoid costly misunderstandings by clarifying the tasks, costs and risks involved in the delivery of goods from sellers to buyers. They are recognized by UNCITRAL as the global standard for the interpretation of the most common terms in foreign trade.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    INCOTERMS - International Commercial Terms

    TheIncotermsrulesareaninternationallyrecognizedstandardandareusedworldwideininternationalanddomesticcontractsfor thesaleofgoods.Firstpublishedin1936,Incotermsrulesprovideinternationallyaccepteddefinitionsandrulesofinterpretationfor mostcommoncommercialterms. TheruleshavebeendevelopedandmaintainedbyexpertsandpractitionersbroughttogetherbyICCandhavebecomethestandard ininternationalbusinessrulessetting.Theyhelptradersavoidcostlymisunderstandingsbyclarifyingthetasks,costsandrisks involvedinthedeliveryofgoodsfromsellerstobuyers.IncotermsrulesarerecognizedbyUNCITRALastheglobalstandardforthe interpretationofthemostcommontermsinforeigntrade. TERM Meaning SERVICE Warehousestorageatpoint oforigin Warehouselaboratpointof origin Exportpacking Loadingatpointoforigin Inlandfreight Portreceivingcharges Forwardersfee Loadingonoceancarrier Ocean/Airfreightcharges Chargesatforeign Port/Airport Customs,Duties&Taxes abroad Deliverychargestofinal destination Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer EXW Ex Works FCA Free Carrier FAS FreeAlongside Ship FOB Free OnBoard/ Vessel CFR Cost& Freight CIF CPT

    CostInsurance& CarriagePaid Freight to

    WhoPays Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer

    INCOTERMS - International Commercial Terms


    TERM Meaning SERVICE Warehousestorageat pointoforigin Warehouselaborat pointoforigin Exportpacking Loadingatpointof origin Inlandfreight Portreceivingcharges Forwardersfee Loadingonocean carrier Ocean/Airfreight charges Chargesatforeign Port/Airport Customs,Duties& Taxesabroad Deliverychargestofinal destination Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer CIP Carriage& InsurancePaidTo DAF DES DEQ DDU DDP Delivered DutyPaid

    DeliveryAt DeliveredEx DeliveredExQuay, DeliveredDuty Frontier Ship DutyUnpaid Unpaid WhoPays Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Seller

    Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    You might also like