What are Intercoms?

INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment.


EXW (EX WORKS)

EX Works EXW named place Incoterms® 2021 — This term may be used for either domestic or international trade.


FCA (FREE CARRIER)

Free Carrier FCA named place Incoterms® 2021 — This term may be used whatever mode or modes of transport will be used.


CPT (CARRIAGE PAID TO)

Carriage Paid To CPT named place Incoterms® 2021 — This term may be used whatever mode or modes of transport be used.


CIP (CARRIAGE & INSURANCE PAID)

Carriage and Insurance Paid CIP to named place Incoterms® 2021 — This term may be used whatever mode of transport.


DAT (DELIVERED AT TERMINAL)

Delivered at Terminal DAT named place Incoterms® 2021 — This term may be used regardless of the mode of carriage.


DAP (DELIVERED AT PLACE)

Delivered at Place DAP named place Incoterms® 2021 — This term may be used whatever mode of transport to be used.


DDP (DELIVERED DUTY PAID)

Delivered Duty Paid DDP named place Incoterms® 2021 — This term may be used regardless of the mode of carriage.


FAS (FREE ALONGSIDE SHIP)

DFree Alongside Ship FAS named port Incoterms® 2010 — This term may be used whatever mode of transport to be used.