Trade Terms

Trade Terms


Name Explain
F group of trade terms
FOB (... ... the designated port of shipment) "FOB (... ... the designated port of shipment)" When the goods are at the specified port of shipment across the ship's rail, the seller to complete delivery. This means that the buyer must assume from that point the goods were lost or damaged all the risks. FOB term requires the seller to clear the goods for export.
FAS (... ... the designated port of shipment) 　　"FAS (... ... the designated port of shipment)" means the seller at a designated port of shipment will be delivered the goods alongside the vessel, that is, the completion of delivery. Since then the buyer must bear the loss of or damage to goods from all risks.
FCA [Cargo Carrier (... ... designated locations)] 　　"Cargo Carrier (... ... designated sites)" refers to the seller as long as the goods at the designated location to the carrier named by the buyer, and handling of export customs clearance, that is, the completion of delivery. It should be noted that the choice of place of delivery at that location for loading and discharge of obligations will have an impact. If the seller is located in its delivery, the seller shall be responsible for loading, if the seller in any other place of delivery, the seller is not responsible for unloading.
C Group of Trade Terms
CIP[Freight and insurance paid to (... ... the designated destination)] 　　"Freight and insurance paid to (... ... the designated destination)" means the seller to the designated carrier for delivery, but the seller must also pay for the goods to the destination of the freight, that is, the buyer of delivery from the seller after the all the risks and additional costs. However, in accordance with the CIP terms the seller also has to procure the buyer of goods in transit risk of loss or damage insurance.
CPT[Carriage Paid To (... named destinations ...)] 　　"Carriage Paid to (... ... designated sites)" means the seller to the designated carrier for delivery, but the seller must also pay for the goods to the destination of the freight. This means that the buyer assume all risks after delivery and other charges.
CIF[Cost, insurance and freight (... named port ...)] " Cost, insurance and freight "means the port of shipment when the goods across the ship's rail at the seller to complete delivery.
CFR[Cost and Freight (... named port ...)] 　　"Cost and Freight (... ... the designated port of destination)" means the port of shipment of goods across the ship's rail to complete the delivery of the seller, the seller must pay the goods to the named port of destination of the freight requirements and costs. However, after delivery of goods the risk of loss or damage, as well as a variety of events for any additional costs, that is transferred to the buyer by the seller.
E Group of Trade Terms
EXW (... ... designated locations) 　　"Ex (... ... designated locations)" refers to when the seller has its seat or other designated sites (such as workshops, factories or warehouses) will be the disposal of the buyer when the goods, namely, the completion of delivery, the seller is not for export clearance customs clearance or to be loaded on any conveyance of goods.
D Group of Trade Terms
DEQ[The purpose of the delivery port (... ... the designated port of destination)] 　　"The purpose of port of delivery" means the seller at a designated port of destination terminal to deliver the goods to the disposal of the buyer, do not apply for the import customs clearance, that is, the completion of delivery. The seller has to bear the goods to the named port of destination and unloaded to the pier all the costs and risks.
DES[FOB the port of destination (... ... the designated port of destination)] 　　"FOB the port of destination (... ... the designated port of destination)" means the designated port of destination, the goods on board the disposal of the buyer, but does not handle the import customs clearance of goods, the seller to complete delivery. The seller has to bear the goods to the named port of destination before unloading all the costs and risks. If the parties wish the seller to discharge the burden of the risks and costs, DEQ terms should be used.
DDP[Delivered Duty Paid (... named port ...)] 　　"Delivered Duty Paid (... ... the designated destination)" means the seller at the specified destination,End of imports for customs clearance, will be on the arriving means of transport has not yet been unloaded the goods and the buyer to complete the delivery. The seller has to bear the goods to the named destination for all the costs and risks, including the necessary customs formalities at the destination should be paid for any "taxes and fees" (including customs procedures for the responsibilities and risks, and to pay fees, duties, taxes and other costs).
DDU[Dutiable delivery (... named port ...)] 　　"Dutiable delivery (... ... named place of destination)" means the seller at the designated destination for the goods to the buyer's disposal, not cleared for import, nor means of transport from the delivery of goods will be unloaded, that is complete settlement goods. The seller has to bear the goods to the named destination of all the risks and costs, not included in the time required for customs clearance of imports in the country of destination should be paid for any "taxes and fees" (including the responsibility to customs procedures and risks, as well as pay fees, duties, taxes and other costs). The buyer must bear the "taxes and fees" and because of their failure to lose the import customs clearance of goods caused by the costs and risks.
DAF[Delivered At Frontier (... ... designated locations)] 　　"Delivered At Frontier (... ... designated sites)" refers to the seller at the border of the designated sites and specific delivery point, adjacent to the border before the National Customs and Excise Department will be still in the delivery of means of transport of goods has not yet been unloaded to the the disposal of the buyer, completed the export customs clearance of goods but not yet for the import customs clearance, that is, when the completion of delivery. The term "border" can be used for any border, including border-exporting countries. Thus, the use of designated areas and specific delivery point accurately to define the meaning of the border, which is of paramount importance.
Trade Terms
Name Explain
F group of trade terms
FOB (... ... the designated port of shipment) "FOB (... ... the designated port of shipment)" When the goods are at the specified port of shipment across the ship's rail, the seller to complete delivery. This means that the buyer must assume from that point the goods were lost or damaged all the risks. FOB term requires the seller to clear the goods for export.
FAS (... ... the designated port of shipment) 　　"FAS (... ... the designated port of shipment)" means the seller at a designated port of shipment will be delivered the goods alongside the vessel, that is, the completion of delivery. Since then the buyer must bear the loss of or damage to goods from all risks.
FCA [Cargo Carrier (... ... designated locations)] 　　"Cargo Carrier (... ... designated sites)" refers to the seller as long as the goods at the designated location to the carrier named by the buyer, and handling of export customs clearance, that is, the completion of delivery. It should be noted that the choice of place of delivery at that location for loading and discharge of obligations will have an impact. If the seller is located in its delivery, the seller shall be responsible for loading, if the seller in any other place of delivery, the seller is not responsible for unloading.
C Group of Trade Terms
CIP[Freight and insurance paid to (... ... the designated destination)] 　　"Freight and insurance paid to (... ... the designated destination)" means the seller to the designated carrier for delivery, but the seller must also pay for the goods to the destination of the freight, that is, the buyer of delivery from the seller after the all the risks and additional costs. However, in accordance with the CIP terms the seller also has to procure the buyer of goods in transit risk of loss or damage insurance.
CPT[Carriage Paid To (... named destinations ...)] 　　"Carriage Paid to (... ... designated sites)" means the seller to the designated carrier for delivery, but the seller must also pay for the goods to the destination of the freight. This means that the buyer assume all risks after delivery and other charges.
CIF[Cost, insurance and freight (... named port ...)] " Cost, insurance and freight "means the port of shipment when the goods across the ship's rail at the seller to complete delivery.
CFR[Cost and Freight (... named port ...)] 　　"Cost and Freight (... ... the designated port of destination)" means the port of shipment of goods across the ship's rail to complete the delivery of the seller, the seller must pay the goods to the named port of destination of the freight requirements and costs. However, after delivery of goods the risk of loss or damage, as well as a variety of events for any additional costs, that is transferred to the buyer by the seller.
E Group of Trade Terms
EXW (... ... designated locations) 　　"Ex (... ... designated locations)" refers to when the seller has its seat or other designated sites (such as workshops, factories or warehouses) will be the disposal of the buyer when the goods, namely, the completion of delivery, the seller is not for export clearance customs clearance or to be loaded on any conveyance of goods.
D Group of Trade Terms
DEQ[The purpose of the delivery port (... ... the designated port of destination)] 　　"The purpose of port of delivery" means the seller at a designated port of destination terminal to deliver the goods to the disposal of the buyer, do not apply for the import customs clearance, that is, the completion of delivery. The seller has to bear the goods to the named port of destination and unloaded to the pier all the costs and risks.
DES[FOB the port of destination (... ... the designated port of destination)] 　　"FOB the port of destination (... ... the designated port of destination)" means the designated port of destination, the goods on board the disposal of the buyer, but does not handle the import customs clearance of goods, the seller to complete delivery. The seller has to bear the goods to the named port of destination before unloading all the costs and risks. If the parties wish the seller to discharge the burden of the risks and costs, DEQ terms should be used.
DDP[Delivered Duty Paid (... named port ...)] 　　"Delivered Duty Paid (... ... the designated destination)" means the seller at the specified destination,End of imports for customs clearance, will be on the arriving means of transport has not yet been unloaded the goods and the buyer to complete the delivery. The seller has to bear the goods to the named destination for all the costs and risks, including the necessary customs formalities at the destination should be paid for any "taxes and fees" (including customs procedures for the responsibilities and risks, and to pay fees, duties, taxes and other costs).
DDU[Dutiable delivery (... named port ...)] 　　"Dutiable delivery (... ... named place of destination)" means the seller at the designated destination for the goods to the buyer's disposal, not cleared for import, nor means of transport from the delivery of goods will be unloaded, that is complete settlement goods. The seller has to bear the goods to the named destination of all the risks and costs, not included in the time required for customs clearance of imports in the country of destination should be paid for any "taxes and fees" (including the responsibility to customs procedures and risks, as well as pay fees, duties, taxes and other costs). The buyer must bear the "taxes and fees" and because of their failure to lose the import customs clearance of goods caused by the costs and risks.
DAF[Delivered At Frontier (... ... designated locations)] 　　"Delivered At Frontier (... ... designated sites)" refers to the seller at the border of the designated sites and specific delivery point, adjacent to the border before the National Customs and Excise Department will be still in the delivery of means of transport of goods has not yet been unloaded to the the disposal of the buyer, completed the export customs clearance of goods but not yet for the import customs clearance, that is, when the completion of delivery. The term "border" can be used for any border, including border-exporting countries. Thus, the use of designated areas and specific delivery point accurately to define the meaning of the border, which is of paramount importance.

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