These are common Incoterms® 2010 (pre-defined commercial terms) by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes.
The two main categories of Incoterms® 2010 are organised by modes of transport. The aim is to clearly stipulate the obligations of buyers and sellers.
Group 1. Incoterms® that apply to any mode of transport are:
• EXW Ex Works
• FCA Free Carrier
• CPT Carriage Paid To
• CIP Carriage and Insurance Paid To
• DAT Delivered at Terminal
• DAP Delivered at Place
• DDP Delivered Duty Paid
• DDU Delivered Duty Unpaid
Group 2. Incoterms® that apply to sea and inland waterway transport only:
• FAS Free Alongside Ship
• FOB Free on Board
• CFR Cost and Freight
• CIF Cost, Insurance, and Freight
For further explanation of Incoterms® 2010 and specific advice please contact your Key Account Manager at Henning Harders (New Zealand).