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Incoterms means International commercial term. We use the below incoterms frequently in any trade Business.
Ex Works (Means deliver the goods to the customer in Warehouse or any places in the city example ex works refer as : Ex Warehouse, Ex Dubai Ex Jebel Ali port)
FOB - Free on Board : All the charges are related to the movement of goods to board the vessel is borne by the supplier is termed as FOB
C & F - Cost and Freight . This term used by the seller when they make quotation for an any order to the overseas clients . It Means price of goods quoted
inclusive of Freight charges to the destination port.
C I F - Cost Insurance Freight . This term used by the seller when they make quotation for an any order to the overseas clients . It Means price of goods quoted inclusive of Insurance & Freight charges to the destination port.
INCOTERM :-EXW ,FCA, FAS, FOB, CFR ,CIF, CPT ,CIP, DAF, DES ,DEQ, DDU, DDP
EXW – Ex Works (named place)
FCA – Free Carrier (named place) T
CPT – Carriage Paid To (named place of destination)
CIP – Carriage and Insurance Paid to (named place of destination) T
DAT – Delivered at Terminal (named terminal at port or place of destination)
DAP – Delivered at Place (named place of destination)
DDP – Delivered Duty Paid (named place of destination)
FAS – Free Alongside Ship (named port of shipment) T
FOB – Free On Board (named port or place of shipment)
CFR – Cost and Freight (named port of destination)
CIF – Cost, Insurance and Freight (named port of destination)
