Effective 1/1/2000

EXW-EX WORKS (...named place)
The seller delivers when he places the goods at the disposal of the buyer at the seller=s premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. This term should not be used when the buyer cannot carry out the export formalities directly or indirectly.

FCA-FREE CARRIER (...named place)
The seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. If delivery occurs at the seller=s premises, the seller is responsible for loading. If delivery occurs at any other place, the seller is not responsible for unloading. This term may be used irrespective of the mode of transport, including multimodal transport.

FAS-FREE ALONGSIDE SHIP (...named port of shipment)
The seller delivers when the goods are placed alongside the vessel at the named port of shipment. The FAS term requires the seller to clear the goods for export. This term can be used only for sea or inland waterway transport.

FOB-FREE ON BOARD (...named port of shipment)
The seller delivers when the goods pass the ship=s rail at the named port of shipment. The FOB term requires the seller to clear the goods for export. This term can be used only for sea or inland waterway transport. If the parties do not intend to deliver the goods across the ship=s rail, the FCA term should be used.

CFR-COST AND FREIGHT (...named port of destination)
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 named 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, are transferred from the seller to the buyer. The CFR term requires the seller to clear the goods for export. This term can be used only for sea and inland waterway transport.

CIF-COST INSURANCE AND FREIGHT (...named port of destination)
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 named 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, are transferred from the seller to the buyer. However, in CIF the seller also has to procure marine insurance against the buyer=s risk of loss of or damage to the goods during the carriage. The CIF term requires the seller to clear the goods for export. This term can be used only for sea and inland waterway transport.

CPT-CARRIAGE PAID TO (...named place of destination)
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. The CPT term requires the seller to clear the goods for export. This term may be used irrespective of the mode of transport including mutimodal transport.

CIP-CARRIAGE AND INSURANCE PAID TO (...named place of destination)
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. 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. This term may be used irrespective of the mode of transport, including multimodal transport.

DAF-DELIVERED AT FRONTIER (...named place)
The seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport not unloaded, cleared for export, but not cleared for import at the named point and place at the frontier. The frontier in question must be defined precisely by always naming the point and place in the term. This term may be used irrespective of the mode of transport when goods are to be delivered at a land frontier.

DES-DELIVERED EX SHIP (...named port of destination)
The seller delivers when the goods are placed at the disposal of the buyer on board the ship not cleared for import at the named port of destination. The seller has to bear all the costs and risks involved in bringing the goods to the named port of destination before discharging. This term can be used only when the goods are to be delivered by sea.

DEQ-DELIVERED EX QUAY (...named port of destination)
The seller delivers when the goods are placed at the disposal of the buyer not cleared for import on the quay (wharf) at the named port of destination. The seller has to bear costs and risks involved in bringing the goods to the named port of destination and discharging the goods on the quay (wharf). The DEQ term requires the buyer to clear the goods for import and to pay for all formalities, duties, taxes and other charges upon import. This term can be used only when the goods are to be delivered by sea.

DDU-DELIVERED DUTY UNPAID (...named place of destination)
The seller delivers the goods to the buyer, not cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear the costs and risks involved in bringing the goods thereto, other than, where applicable, any Aduty@ (which term includes the responsibility for and the risks of the carrying out of customs formalities). This term may be used irrespective of the mode of transport.

DDP-DELIVERED DUTY PAID (...named place of destination)
The seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear all the costs and risks involved in bringing the goods thereto including, where applicable, any Aduty@ (which term includes the responsibility for and the risk of the carrying out of customs formalities and the payment of formalities, customs duties, taxes and other charges) for import in the country of destination. This term should not be used if the seller is unable directly or indirectly to obtain the import licence. This term may be used irrespective of the mode of transport.