Phone: 01925 226495
Useful Tools
- Glossary - the place to decipher the trade terms
- Incoterms
- Hazardous Goods - use this table to work out what goods can be carried with each other
- Pallet Converter - a simple tool to calculate how much loading space is required
- Useful Web Links - the place to find some useful and interesting web links
Incoterms
Should you require further clarification of Incoterms please do not hesitate to contact us.
Click word/phrase to see an explanation.
EXW - Exworks
- A Named place must be specified
- EXW can be used for any mode of transport
- Seller must make the goods available to the buyer at his premises or another named place.
- The consignment is uncleared for export
- The consignment is not loading to any vehicle
Under EXW the buyer has the main responsibility
FCA - Free Carrier
- A named place must be specified
- FCA is suitable for any type of transport
- Seller must hand over the consignment export cleared
- To the buyer nominated carrier
- At the named place
Under FCA the main freight charge is paid by the Buyer
FAS - Free Alongside Ship
- A named port of shipment must be specified
- FAS is suitable for Sea and inland waterway movements only
- Seller must place the consignment
- Alongside the vessel
- At named port of shipment
Under FAS the main freight charge is paid by the buyer
FOB - Free on Board
- A Named port of shipment must be specified
- FOB is suitable for Sea and inland waterway movements only
- Seller hands over the consignment
- Export cleared
- When it passes over the ship's rail
- At the named port of shipment
Under FOB the main freight charge is paid by the buyer
CFR - Cost and Freight
- A named port of destination must be specified
- CFR is only suitable for sea and inland waterway movements
- Seller hands over the consignment
- when it passes over the ship's rail
- At the port of shipment
- Seller must pay freight and other charges to
- Named port of destination
- All additional costs and risks are the responsibility of the Buyer
- After the goods have passed over the ship's rail at the port of shipment
Under CFR the main freight charges are paid by the seller
CIF - Cost Insurance and Freight
- A named port of destination must be specified
- CIF is only suitable for sea and inland waterway movements
- Seller hands over the consignment
- when it passes over the ship's rail
- At the port of shipment
- Seller must pay freight and other charges to
- Named port of destination
- Seller must effect insurance for loss or damage to the consignment whilst in transit
- All additional costs and risks are the responsibility of the Buyer
- After the goods have passed over the ship's rail at the port of shipment
Under CIF the main freight charges are paid by the seller
CPT - Carriage Paid To
- A named place of destination must be specified
- CPT is suitable for any type of transport
- seller delivers the consignment
- to the nominated carrier
- Seller pays the freight costs to the named destination
- After the consignment has been handed over to the nominated carrier
- All additional costs and risks are the responsibility of the Buyer
Under CPT the main freight charges are paid by the seller
CIP - Carriage and Insurance Paid To
- A named place of destination must be specified
- CIP is suitable for any type of transport
- seller delivers the consignment
- to the nominated carrier
- Seller pays the freight costs to the named destination
- Seller must effect insurance against loss or damage to the consignment during transit.
- After the consignment has been handed over to the nominated carrier
- All additional costs and risks are the responsibility of the Buyer
Under CIP the main freight charges are paid by the seller
DAF - Delivered at Frontier
- a named frontier place must be specified
- DAF is suitable for any type of transport
- the seller must hand over the consignment to the buyer
- on the arriving transport vehicle
- not unloaded
- export cleared
- uncleared for import
- at the specified named frontier place
Under DAF the seller pays the main freight cost up to the named frontier place
DES - Delivered Ex Ship
- A named port of destination must be specified
- Term suitable for maritime and inland waterway transport only
- the seller hands over the consignment to the buyer
- on board ship
- uncleared for import
- at the named port of destination
Under DES the seller pays the main freight cost to the named port of destination
DEQ - Delivered Ex Quay
- A named port of destination must be specified
- DEQ is only suitable for sea and inland waterway movements
- Seller hands the consignment over to the buyer
- Not Import cleared
- On the Quayside at the named port of destination
Under DEQ the seller pays the main freight charges up to Quayside at the named port of destination.
DDU - Delivered Duty Unpaid
- A named place of destination must be specified
- DDU is suitable for any type of transport
- The seller must hand the consignment to the buyer
- Not Import cleared
- Not Unloaded
- At the named place of destination
Under DDU the seller pays the main freight charges up to arrival at the named place of destination
DDP - Delivered Duty Paid
- A named place of destination must be specified
- DDP can be used for any type of transport
- Seller must deliver the consignment to the buyer
- Cleared for import
- Not unloaded at the named place of destination
Under DDP the Seller pays the main freight charges to the named place of destination
