Glossary

An Incoterm similar to CPT, but the seller is also responsible for arranging and paying for insurance until the goods are delivered to the carrier or another named party.

An Incoterm where the seller delivers the goods to the carrier or another party nominated by the seller at a named place, and the seller is responsible for transportation costs until that point.

An Incoterm where the seller is responsible for delivering the goods to the buyer at a named place, excluding import clearance and duties, and the buyer assumes risk and responsibility from that point.

An Incoterm where the seller delivers the goods to a named terminal at the destination, and the buyer assumes responsibility and risk once the goods are unloaded at the terminal.

An Incoterm where the seller delivers the goods to a carrier or nominated party specified by the buyer at a named place, and the buyer assumes responsibility for transportation costs and risks from that point.

A universal term that defines a transaction between an importer and exporter, so that both parties understand the tasks, costs, risks, and responsibilities, as well as the logistical and transportation handling from the departure of the product until its receipt by the importing country.

The seller assumes all risks and costs (customs procedures, freight, and insurance) up to the destination port.
The buyer is responsible for import procedures and unloading costs

The seller assumes all risks and costs (customs procedures and freight) up to the destination port, except for the transportation insurance.
The buyer is responsible for the hiring and cost of transportation insurance, as well as import procedures and unloading costs.

The seller is responsible only for the risks and costs (export clearance, transportation, and insurance) up to the port of origin.
The buyer assumes the risks and costs (import clearance, freight, and insurance) from the port of origin to destination port.

The seller assumes all risks and costs (export and import clearance, freight, and insurance) up to the agreed point in the destination country.
The buyer does not assume any risks or carry out any procedures.