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Freight Forwarder

 
 

The Interpretation of the INCO Terms

TERM
SERVICE
EXW
Ex- WORKs		 FCA
Free Carrier		 FAS
Free Alongside Ship		 FOB
Free On- Board Vessel		 CFR
Cost & Freight		 CIF
Cost Insurance
& Freight		 CPT
Carriage
Paid to
  WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays
Warehouse storage at point of origin Seller Seller Seller Seller Seller Seller Seller
Warehouse labor at point of origin Seller Seller Seller Seller Seller Seller Seller
Export packing Seller Seller Seller Seller Seller Seller Seller
Loading at point of origin Seller Seller Seller Seller Seller Seller Seller
Inland freight Seller Seller Seller Seller Seller Seller Seller
Port receiving charges Seller Seller Seller Seller Seller Seller Seller
Forwarders fee Seller Seller Seller Seller Seller Seller Seller
Loading on ocean carrier Seller Seller Seller Seller Seller Seller Seller
Ocean/Air freight charges Seller Seller Seller Seller Seller Seller Seller
Charges at foreign Port/Airport Seller Seller Seller Seller Seller Seller Seller
Customs,Duties &Taxes abroad Seller Seller Seller Seller Seller Seller Seller
Delivery charges to final destination Seller Seller Seller Seller Seller Seller Seller

TERM
SERVICE
CIP
Carriage & Insurance Paid To		 DAF
Delivery At Frontier		 DES Delivered
Ex-Ship		 DEQ Delivered Ex-Quay,Duty Unpaid DDU
Cost & Freight		 DDP Delivered Duty Paid
  WhoPays WhoPays WhoPays WhoPays WhoPays WhoPays
Warehouse storage at point of origin Seller Seller Seller Seller Seller Seller
Warehouse labor at point of origin Seller Seller Seller Seller Seller Seller
Export packing Seller Seller Seller Seller Seller Seller
Loading at point of origin Seller Seller Seller Seller Seller Seller
Inland freight Seller Seller Seller Seller Seller Seller
Port receiving charges Seller Seller Seller Seller Seller Seller
Forwarders fee Seller Seller Buyer Seller Seller Seller
Loading on ocean carrier Seller Seller Buyer Seller Seller Seller
Ocean/Air freight charges Seller Seller Buyer Buyer Seller Seller
Charges at foreign Port/Airport Seller Seller Buyer Buyer Buyer Seller
Customs,Duties & Taxes abroad Buyer Buyer Buyer Buyer Buyer Seller
Delivery charges to final destination Buyer Buyer Buyer Buyer Buyer Seller

 

To avoid any confusion, an INCO term must be accompanied by a 

“named place”e.g. EXW “New Delhi”

 
 

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