Incoterms®

EXW - Ex Works - the importer is responsible for all costs, risks and arrangements from the seller's premises.

FCA - Free Carrier - exporter holds responsibility for all costs, risks and arrangements to the port/other named destination.

CPT - Carriage Paid To – while the exporter passes responsibility for risks at the first port, he must cover transport arrangement/costs to the destination port.

CIP - Carriage & Insurance Paid – same as CPT, but the exporter also pays for insurance to cover risks up to the second port.

DPU - Delivered At Place Unloaded – exporter bears all risks involved in bringing the goods to and unloading them at the named place of destination. 

DAP - Delivered At Place – exporter holds responsibility for all costs, risk and arrangements until the good are ready for unloading at a named port.

DDP - Delivered Duty Paid – exporter holds responsibility for all costs, risks and arrangements until the goods reach a place agreed with the importer.

FAS - Free Alongside Ship – the exporter is responsible for all costs, arrangements and risks until the goods are alongside the ship.

FOB - Free On Board – the exporter is responsible for all costs, arrangements and risks until the goods are loaded onto the ship.

CFR - Cost & Freight – while the exporter passes responsibility for risks when the goods are alongside the ship, they must cover transport arrangements/costs to the destination port.

CIF - Cost, Insurance & Freight – same as CFR, but the exporter also pays insurance costs