041: Incoterms abbreviations

Incoterms (International Commercial Terms) are series of three letter terms which explains the contractual shipping and delivery conditions.

According to Incoterms there are below terms:

1. EXW: Ex Works (named place of delivery)
2. FCA: Free Carrier (named place of delivery)
3. FAS: Free Alongside Ship (named port of shipment)
4. FOB; Free on Board (named port of shipment)
5. CFR: Cost and Freight (named port of destination)
6. CIF: Cost, Insurance and Freight (named port of destination)
7. CPT: Carriage Paid To (named place of destination)
8. CIP: Carriage and Insurance Paid To (named place of destination)
9. DAF: Delivered at Frontier
10. DES: Delivered Ex Ship
11. DEQ: Delivered Ex Quay (Duty Paid)
12. DDU: Delivered Duty Unpaid
13. DAT: Delivered at Terminal (named terminal at port or place of destination)
14. DAP: Delivered at Place (named place of destination)
15. DPU: Delivered at Place Unloaded (named place of destination)
16. DDP: Delivered Duty Paid (named place of destination)

Note1: Incoterms (International Commercial Terms) are published by ICC (International Chamber of Commerce) related to commercial issues.