Common international trade terms
Source:Longtop International Logistics Co., Ltd. 2024-12-23 11:00:52

Here are some common international trade terms:

1. EXW (Factory Delivery): The seller gives the goods to the buyer at its factory or other locations, and the buyer shall bear all the costs and risks from the point.

2. FCA (cargo transporter): The seller handed the goods to the buyer's specified carrier, and was not responsible for the cargo installed on the transportation tool.

3. CPT (Freight pays): The seller pays the cost of transporting goods to the designated destination, but it is not responsible for the cost and risk of the goods when the goods reach the destination.

4. CIP (freight and insurance premiums are paid): The seller pays the cost and insurance premiums that the seller is transported to the designated destination, but it is not responsible for the cost and risk of the goods when the goods reach the destination.

5. DAP (Destination): The seller transports the goods to the destination designated by the buyer, but it is not responsible for unloading. The buyer takes over the goods from the transportation tool.

6. DAT (transport terminal delivery): The seller transports the goods to the destination designated by the buyer and is responsible for unloading, but the buyer is responsible for all the costs and risks after the goods unloaded.

7. DDP (delivery after tax): The seller transports the goods to the destination designated by the buyer and bear all costs and risks, including import tariffs, taxes and other expenses.

8. FAS (delivery of the boat): The seller transported the goods to the designated port and handed it over to the buyer by the boat. The buyer will bear all costs and risks from this time.

9. FOB (offshore price): The seller puts the goods on the ship, and the buyer will bear all costs and risks from this time.

10. CFR (cost plus freight): The seller transports the goods to the port of the designated destination and bear the freight, but it is not responsible for the expenses and risks of the goods when the goods reach the destination.

11. CIF (cost, insurance premiums plus freight): The seller transports the goods to the port of the designated destination and bear the freight and insurance premiums, but it is not responsible for the cost and risk of the goods after the goods reach the destination.

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