|
Trade terms in F group |
FOB Free on Board
（……Named port of shipment） |
“Free on Board” means that the seller delivers when the goods pass the ship's rail at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that point. The FOB term requires the seller to clear the goods for export. |
FAS Free Alongside Ship
（……Named port of shipment） |
“Free Alongside Ship” means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. |
FCA Free Carrier
（……Designated locations） |
“Free Carrier” means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. |
|
Trade terms in C group |
CIP Carriage and Insurance paid to...
（……Specify the destination） |
“Carriage and Insurance paid to...” means that the seller delivers the goods the carrier nominated by him but the seller must m addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and any additional costs occurring after the goods have been so delivered. However, in CIP the seller also has to procure insurance against the buyer's risk of loss of or damage to the goods during the carriage. |
CPT Carriage paid to ...
（……Specify the destination） |
“Carriage paid to ...” means that the seller delivers the goods to the carrier nominated by him, but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears aft risks and any other costs occurring after the goods have been so delivered. |
CIF Cost, Insurance and Freight
（……Named port of destination） |
“Cost, Insurance and Freight” means that the seller delivers when the goods pass the ship’s rail in the port of shipment. |
CFR Cost and Freight
（……Named port of destination） |
“Cost and Freight” means that the seller delivers when the goods pass the ship” s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the paned port of destination BUT the risk of loss of or damage to the goods, as well as any additional costs due to events occurring after the time of delivery, will be transferred from the seller to the buyer.
|
