Incoterms

INCOTERMS

International Commercial Terms

EXW EX WORKS

Ex-Works, named place where shipment is available to the buyer, not loaded. The seller will not contract for any transportation.

FCA FREE CARRIER

Free Carrier, unloaded at the seller’s dock OR a named place where the shipment is available to the international carrier or agent, not loaded.
This term can be used for any mode of transport.

FAS FREE ALONGSIDE SHIP

Free Alongside Ship, named ocean port of shipment. Ocean shipments that are NOT containerized.

FOB FREE ON BOARD

Free On Board vessel, named ocean port of shipment. This term is used for ocean shipments only where it is important that the goods pass the ship’s rail.

CIF COST, INSURANCE AND FREIGHT

cost and Freight, Named ocean port of destination. This term is used for ocean shipments that are not containerized.
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