The Incoterms or International Commercial Terms are a series of predefined commercial terms published by the International Chamber of Commerce relating to international commercial law.
- EXW (Ex Works place)
- FCA (free carrier AI place
- FAS free along ship port
- FOB Free on board Port
- CFR /CNF: COnst & freight Port
- CIF: Cost & insurance & freight Port
- CPT: carriage Paid place
- CIP: carriage & ins Ppaid place
- DAT: Delivered at Terminal (Port/place) / DPU : Delivery at Place Unloaded
- DAP: delivered at place
- DDP: delivery duty paid
forwarder & customs
loading on vessel
unloading & loading
transport to destin
Cost, Insurance, and Freight (CIF) :
Free on Board (FOB) :
CNF: Cost No insurance and Freight.
Custom House Agent:
“ex-factory” price, EXW
Products available at seller’s warehouse, buyer has to take care from seller warehouse to end.
DDP (Delivered Duty Paid)
price of goods + export taxes + shipping charges + Import duty + local courier Paid by seller.
Delivered at Place (DAP).
price of goods + export taxes + shipping charges + Import duty + local courier Paid by buyer.
DAT – Delivered At Terminal (named terminal at port or place of destination)
VAT / GST
GST on Imported duty.
Reimbursement of gst on export available in india.