The seller must pay the costs and freight necessary to bring the goods to the named destination, but the risk of loss or damage to the goods, as well as any cost increases, is transferred from the seller to the buyer when the goods pass the ship's rail in the port of the shipment
CFR
Cost and Freight
Seller pays cost and freight to named port of destination; buyer assumes all risks of loss and damage and additional costs incurred once goods are delivered on board the vessel; these are assumed by the buyer when the goods pass over the rail of the ship at the port of shipment
CIF
Cost, Insurance, and Freight
Seller pays cost and freight to named port of destination; buyer assumes all risks of loss and damage and additional costs incurred once goods are delivered onboard the vessel; risks are assumed by the buyer when the goods pass over the rail of the ship at the port of shipment; seller must in addition procure (i.e.
contract and pay for) marine insurance against the buyer's risk of loss or damage during shipment
CIP
Carriage and Insurance Paid To
Seller pays cost and freight to named port of destination; buyer assumes all risk of damage or loss and additional costs incurred once goods are delivered on board the vessel; these risks are assumed by the buyer when the goods pass over the rail of the ship at the port of shipment; seller must procure (i.e.
contract and pay for) marine insurance against the buyer's risk of loss or damage during carriage; seller must in addition procure (i.e. contract and pay for) cargo insurance against the buyer's risk of loss or damage to the goods during carriage
CPT
Carriage Paid To
Seller pays freight charges named to destination; the risk of loss or damage to the goods, as well as any additional costs due to events occurring after the time the goods have been delivered to othe carrier, is transferred from the seller to the buyer when the goods have been delivered into the custody of the carrier
DAF
Delivered at Frontier
Seller fulfills obligation to deliver when goods have been made available, cleared for export, at the named point and place at the frontier, but before the border of the adjoining country
DDP
Delivered Duty Paid
Seller bears costs and risks involved in bringing goods to the named place in the country of importation including duties, taxes, and other official charges payable upon import
DDU
Deliver Duty Unpaid
Seller bears costs and risks involved in bringing goods to the named place in country of importation exclusive of duties, taxes, or other official charges payable upon import, and the costs and risks of carrying out import formalities
DEQ
Delivered Ex Quay
Seller bears all costs and risks involved, including duties, taxes, and other charges involved in delivering the goods to the quay (wharf) at the named port of destination, cleared for import; seller's obligation ends when the goods are available to the buyer on the quay (this term used only for sea or inland waterway shipments)
DES
Delivered Ex Ship
Seller bears all costs and risks involved in bringing goods to the named port of destination; seller's obligation ends when goods are available to buyer on board the ship uncleared for import at named port of destination (this term used only for sea or inland waterway shipments)
DOM
Domestically Supplied
Duty paid at the border, making the material equivalent to being supplied by a domestic source
DUP
Delivered; Duty Unpaid
Seller bears costs and risks involved in bringing goods to a named place in the country of importation as well as risks and costs of carrying out customs formalities, but excluding duties, taxes, and other official changes payable upon importation
EXQ
Ex Quay
EXS
Ex Ship
EXW
Ex Works
Buyer bears all costs and risks in taking the goods from the seller's premises to the desired location
FAS
Free Alongside Ship
Seller's obligation ends when goods have been placed alongside the vessel on the quay or in lighters at the named port of shipment; buyer bears all costs and risks thereafter
FCA
Free Carrier
Seller fulfills his obligation when goods are handed over, cleared for export, and into the charge of the carrier named by the buyer at the named place or location
FCI
Freight Carriage and Insurance Paid To
FCP
Freight Carriage Paid To
FOB
Free on Board
FOR
Free on Rail
FOT
Free on Truck
NPF
Non-privileged Foreign
Duty not paid at the border and in the U. S. Customs category of "non-privileged foreign"
PPF
Privileged Foreign
Duty not paid at the border and in the U. S. Customs category of "privileged foreign"