EXW : EX WORKS. The seller has an only responsability : to provide the goods to the buyer. The buyer bears all the costs and risks from the time when the goods have been delivered. FCA : FREE CARRIER. The buyer chooses the mode of transport and the carrier. He bears all the risks and costs of the pre-carriage. The delivery and transfer of risks takes place when the goods are loaded on the collecting vehicle provided by the buyer. The seller complies with the customs formalities for export. FAS : FREE ALONG SIDE SHIP. The seller has to delivery the cleared goods alongside the vessel. The buyer bears all the risks of loss and damage to the goods after they have been placed alongside the vessel. He chooses the vessel and pays the ocean freight. FOB : FREE ON BOARD. The seller provides the goods alongside the vessel. He bears all risks and costs until the goods have passed the ship’s rail of the vessel. He complies also with the customs formalities for export of the goods bearing the costs. The buyer chooses the vessel and pays the ocean freight. CFR : COST AND FREIGHT. The seller chooses the vessel and pays the ocean freight to the named port of destination. He bears the handling charges at the port of shipment and complies with the customs formalities. The transfer of risks is the same as FOB. CIF: COST, INSURANCE AND FREIGHT. It is the same conditions as sales CFR with only an additional obligation for the seller: he has to contract a sea insurance against loss and damage to the goods. The seller pays the insurance, so the buyer has a risk to loose the goods during the ocean freight. CPT : CARRIAGE PAID TO. The seller chooses and pays the carrier as far as the named place of destination. The buyer bears all the risks, loss, damage or costs-rise when the goods are delivered to the first carrier.		CIP : CARRIAGE AND INSURANCE PAID TO. It is the same conditions as sales CPT, but the seller has to contract for insurance to the goods during transport on behalf of the buyer. DAF : DELIVERED AT FRONTIER. The seller bears the costs and risks to the named place of destination at the land frontier. He complies with the customs formalities for export. The buyer... DES : DELIVERED EX SHIP. The seller chooses the vessel, pays the freight and bears the risks during transport. The transfer of costs and risks takes place on board the vessel at the named port of destination. DEQ : DELIVERED EX QUAY. The seller delivers the goods bearing all the risks and costs up to the named port of destination. The buyer complies with the customs formalities for import. DDU : DELIVERED DUTY UNPAID. The seller delivers the goods up to the named place of destination….the buyer complies with the customs formalities for import of the goods bearing the costs. DDP : DELIVERED DUTY PAID. The seller has the maximum obligation: the transfer of costs and risks takes place in final delivery place.
Incoterm 2000