EXW (Ex Works):
The seller makes the goods available for pick-up at their premises or another named place (factory, warehouse, etc.).
The buyer bears all costs and risks associated with transporting the goods to their destination.
FOB (Free on Board):
The seller is responsible for delivering the goods on board the vessel at the agreed-upon port of shipment.
The buyer assumes all costs and risks once the goods are on board.
CIF (Cost, Insurance, and Freight):
The seller is responsible for delivering the goods on board the vessel at the agreed-upon port of shipment and paying for the cost of transportation and insurance to the named destination port.
The buyer takes over all costs and risks from the named destination port.
CIP (Carriage and Insurance Paid To):
The seller is responsible for delivering the goods to the carrier and paying for transportation and insurance to the named destination.
The buyer takes over all costs and risks from the point of destination.
DAP (Delivered at Place):
The seller is responsible for delivering the goods to the named destination, ready for unloading.
The buyer assumes all costs and risks from the point of destination.
DAT (Delivered at Terminal):
The seller delivers when the goods are placed at the disposal of the buyer at a named terminal at the named port or place of destination.
The buyer takes over all costs and risks from that point.
DDP (Delivered Duty Paid):
The seller is responsible for delivering the goods to the named destination, ready for unloading and paying all costs and duties.
The buyer has minimal responsibilities until the goods are delivered.
FCA (Free Carrier):
The seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place.
The buyer bears all costs and risks associated with transporting the goods from the named place.