Incoterms are a set of trade terms compiled and adopted by the International Chamber of Commerce (ICC) in Paris for the contract of sale regarding the delivery of goods. The responsibilities of the buyers and sellers are clearly defined in Incoterms 2000. ICC Publication No. 560, Official Rules for the Interpretation of Trade Terms published in September 1999 became effective, January 1, 2000. The thirteen Incoterms are:
* EXW EX WORKS (...named place)
* FCA FREE CARRIER (...named place)
* FAS FREE ALONGSIDE SHIP (...named port of shipment)
* FOB FREE ON BOARD (...named port of shipment)
* CFR COST AND FREIGHT (...named port of destination)
* CIF COST, INSURANCE AND FREIGHT (...named port of shipment)
* CPT CARRIAGE PAID TO (...named port of shipment)
* CIP CARRIAGE AND INSURANCE PAID TO (...named port of shipment)
* DAF DELIVERED AT FRONTIER (...named place)
* DES DELIVERED EX SHIP (...named port of shipment)
* DEQ DELIVERED EX QUAY (...named port of shipment)
* DDU DELIVERED DUTY UNPAID (...named port of shipment)
* DDP DELIVERED DUTY PAID (...named port of shipment)
BRIEF
INTRODUCTION
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