The Incoterms 2000 may be
used to define the responsibilities of buyer and seller in contracts
effective from 1 January 2000. We recommend that you officially lay
down your rights and obligations in your commercial documents, before
you purchase or sell any goods.
When referring for example to terms such as 'FOB', it is advisable
to clearly indicate that you mean the FOB terms, described by the
INCOTERMS 2000 which are published by the International Chamber of
Commerce in Paris and serve to regulate the division of costs, risk
and obligations between buyer and seller.
The Incoterms are divided by mode of transport:
Maritime and inland waterway transport only
* FAS - Free Alongside Ship (...named
port of shipment)
* FOB - Free On Board (...named
port of shipment)
* CFR - Cost and Freight (...named
port of destination)
* CIF - Cost, Insurance and Freight
(...named port of destination)
* DES - Delivered Ex ship (...named
port of destination)
* DEQ - Delivered Ex Quay (...named
port of destination)
Any mode of transport
* EXW - Ex Works (...named place)
* FCA - Free Carrier (...named
place)
* CPT - Carriage Paid To (...named
place of destination)
* CIP - Carriage and Insurance
Paid To (...named place of destination)
* DAF - Delivered At Frontier
(...named place)
* DDU - Delivered Duty Unpaid
(...named place of destination)
* DDP - Delivered Duty Paid (...named
place of destination)
The INCOTERMS and the UCP500 are published by the:
ICC Publishing S.A.
39, cours Albert 1er
75008 Paris
France
ICC publications and translations thereof are also obtainable from
your local ICC representative.
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