Share of costs between Buyer and Seller as per Incoterms 2010
| INCOTERMS 2010 | Loading to truck or container In Factory | Export Custom clearance | Handlings at Origin port or airport | Freight or main international carriage | Insurance of transport | Handlings at destination Port or airport | Custom clearance + Income duties | Carriage at destination up to delivery point |
|---|---|---|---|---|---|---|---|---|
| E.X.W. EX WORKS This rule represents the minimum obligation of the seller to the buyer. Seller delivers the goods at seller's premises and is not obliged to load them on any collecting vehicle. If does it, will be on buyer's risk and expense. Seller has no obligation to clear the goods for export, and it should be organized by buyer at its own risk and expense, where such clearance is needed. Ex works |
B | B | B | B | B | B | B | B |
| D.D.P. DDP / Delivered Duties Paid This rule represents the maximum obligation of seller to the buyer. The Seller must place the goods at the disposal of the buyer at the named place of destination, cleared for import and with all duties paid. Delivered Duty Paid |
S | S | S | S | S | S | S | S |
| F.A.S. FAS / Free Alongside Ship The seller delivers the goods when they are cleared for export and placed alongside vessel or quay nominated by the buyer. Buyer asume all costs and risks from that moment. Free alongside |
S | S | B | B | B | B | B | B |
| F.O.B. FOB / Free On Board The seller delivers the goods, cleared for export, on board the vessel nominated by the buyer at the named port of shipment. Buyer asume all costs and risk from that moment. Free On Board |
S | S | S | B | B | B | B | B |
| C.F.R. CFR / Cost and Freight In this rule, the risk and the costs, passes on different moments. The seller delivers the goods, cleared for export, on board the vessel nominated by itself. Also pays the freight to the port of destination. The buyer asume the risk when the goods are on board the vessel at shipment port, but asume the cost when the goods arrives to the port of destination. Cost and Freight |
S | S | S | S | B | B | B | B |
| C.I.F. CIF / Cost Insurance & Freight The seller delivers the goods, cleared for export, on board the vessel nominated by itself. Also pays the freight to the port of destination. The seller is also obliged to obtain an insurance minimum cover against the buyer's risk during the carriage. Risks and costs passes in the same manner as in CFR Cost + Insurance + Freight |
S | S | S | S | S | B | B | B |
