Incoterms
International rules for the interpretation of trade terms used in international tradeIncoterms are the international rules for the interpretation of trade terms used in international trade, formulated by the International Chamber of Commerce.
| Incoterm 2010 | Export customs declaration | Carriage to port of export | Unloading of truck in port of export | Loading on vessel/airplane in port of export | Carriage (Sea/Air) to port of import | Insurance | Unloading in port of import | Loading on truck in port of import | Carriage to place of destination | Import customs clearance | Import duties and taxes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EXW | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
| FCA | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
| FAS | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
| FOB | Seller | Seller | Seller | Seller | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer |
| CPT | Seller | Seller | Seller | Seller | Seller | Buyer | Seller | Buyer/Seller | Seller | Buyer | Buyer |
| CFR(CNF) | Seller | Seller | Seller | Seller | Seller | Buyer | Buyer/Seller | Buyer | Buyer | Buyer | Buyer |
| CIF | Seller | Seller | Seller | Seller | Seller | Seller | Buyer/Seller | Buyer | Buyer | Buyer | Buyer |
| CIP | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Buyer/Seller | Seller | Buyer | Buyer |
| DAT | Seller | Seller | Seller | Seller | Seller | Seller/Buyer | Seller | Buyer | Buyer | Buyer | Buyer |
| DAP | Seller | Seller | Seller | Seller | Seller | Seller/Buyer | Seller | Seller | Seller | Buyer | Buyer |
| DDP | Seller | Seller | Seller | Seller | Seller | Seller/Buyer | Seller | Seller | Seller | Seller | Seller |
Reference material can be purchased for the International Chamber of Commerce’s website, www.store.iccwbo.org
Incoterms Acronymns
- CFR – Cost and freight
- CIF – Cost, insurance and freight
- CIP – Carriage and insurance paid to
- CPT – Carriage paid to
- DAF – Delivered at frontier
- DDP – Delivered duty paid
- DDU – Delivered duty unpaid
- DEQ – Delivery ex quay
- DES – Delivery ex ship
- EXW – Ex works
- FAS – Free alongside ship
- FCA – Free carrier
- FOB – Free on board
Please note: this fact sheet is a general guide only.
For more information on any Customs and Border Protection matter, contact the Customs Information and Support Centre on 1300 363 263, click here to email or browse the website www.border.gov.au
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