Incoterms

From experience, Transports Ducroux controls all the Incoterms and regulations. Here is an excerpt of the most used Incoterms:

EXW = EX WORKS

This Incoterm represents the minimum obligation for the seller and is valid for all types of transportation, including the national exchanges. The product is available in the seller's premises to date. The buyer is responsible for arranging and paying for transportation to the final destination.

CPT = CARRIAGE PAID TO

In this Incoterm, the mode of transport chosen by the seller also takes all at his own expense to the point of destination. When the cargo is delivered to the first carrier, the responsibilities are transferred from the seller to the buyer. It shall bear the cost of insurance.

FOB = FREE ON BOARD

The seller provides the goods on the vessel designated by the buyer. It was at this time that the transfer of responsibilities and fresh place. Are charged to the seller the cost of transport to the port of shipment and loading costs and export clearance. The buyer is responsible for choosing the ship and pay the shipping freight.

CFR = COST AND FREIGHT

This Incoterm is applicable to maritime transport and inland waterways. The seller has to bear the cost of transportation to the port of destination and the cost of loading and customs clearance. The transfer of responsibility takes place when the merchandise is delivered to the ship. The purchaser shall bear the costs from the arrival of the goods at the port of destination.

DAP = DELIVERED AT PLACE

This Incoterm is valid for all modes of transport. The seller offers the buyer the goods to the agreed on the means of transport destination, without unloading. It shall bear the costs and liabilities to its destination. Buyer takes care of unloading and import formalities.

DDP = DELIVERED DUTY PAID

This Incoterm means the minimum requirement for the buyer. The seller pays for all transportation costs, taxes and responsibility to delivery. It is also responsible for export and import formalities. The buyer shall bear only the costs of unloading.