Incoterms
Incoterms stands for: ‘International Commercial Terms’ and are the international standard terms regarding the rights and obligations of the buyer and seller in the international transport of goods.
Variants of Incoterms
The Incoterms were last amended in 2010 (Incoterms 2010) and consist of the following variants:
For any form of multimodal transport:
- EXW, Ex Works (ex works);
- CPT, Free Carrier (carriage free to carrier);
- CPT, Carriage Paid To (carriage free to);
- CIP, Carriage and Insurance Paid To (carriage free including insurance to);
- DAT, Delivered at Terminal (franco terminal);
- DAP, Delivered at Place (franco on site);
- DDP, Delivered Duty Paid (franco including duties)
- Exclusively for transport by sea and inland waterways
- FAS, Free Alongside Ship (free alongside ship)
- FOB, Free on Board
- CFR, Cost and Freight
- CIF, Cost, Insurance and Freight
Legal assistance in the field of incoterms?
Transport law attorney Otto Lenselink is experienced in the field of road transport law and he will be happy to provide your transport company or forwarding company with advice or legal assistance. Therefore, please feel free to contact us without obligation.
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