{"id":455,"date":"2015-11-17T06:59:03","date_gmt":"2015-11-17T06:59:03","guid":{"rendered":"http:\/\/logistics.stylemixthemes.com\/\/?page_id=455"},"modified":"2015-11-17T06:59:03","modified_gmt":"2015-11-17T06:59:03","slug":"incoterms","status":"publish","type":"page","link":"https:\/\/albamarine.in\/index.php\/incoterms\/","title":{"rendered":"Incoterms"},"content":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][stm_sidebar sidebar=&#8221;272&#8243;][\/vc_column][vc_column offset=&#8221;vc_col-lg-9 vc_col-md-9&#8243;][vc_column_text css=&#8221;.vc_custom_1447743973079{margin-bottom: 60px !important;}&#8221;]<\/p>\n<h2>What are Incoterms?<\/h2>\n<p>INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment.[\/vc_column_text][vc_row_inner css=&#8221;.vc_custom_1449205358710{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205271760{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447743804044{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>EXW (EX Works)<\/h5>\n<p>EX Works EXW named place Incoterms\u00ae 2010 \u2014 This term may be used for either domestic or international trade.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205275416{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447743844082{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>FCA (Free Carrier)<\/h5>\n<p>Free Carrier FCA named place Incoterms\u00ae 2010 \u2014 This term may be used whatever mode or modes of transport will be used.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1449205362814{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205285360{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744035904{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>CPT (Carriage Paid To)<\/h5>\n<p>Carriage Paid To CPT named place Incoterms\u00ae 2010 \u2014 This term may be used whatever mode or modes of transport will be used.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205289319{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744056383{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>CIP (Carriage &amp; Insurance Paid)<\/h5>\n<p>Carriage and Insurance Paid CIP to named place Incoterms\u00ae 2010 \u2014 This term may be used whatever mode or modes of transport will be used.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1449205366726{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205299487{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744091267{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>DAT (Delivered at Terminal)<\/h5>\n<p>Delivered at Terminal DAT named place Incoterms\u00ae 2010 \u2014 This term may be used regardless of the mode or modes of carriage to be used. [\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205304478{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744107979{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>DAP (Delivered at Place)<\/h5>\n<p>Delivered at Place DAP named place Incoterms\u00ae 2010 \u2014 This term may be used whatever mode or modes of transport will be used.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1449205370636{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205314631{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744151114{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>DDP (Delivered Duty Paid)<\/h5>\n<p>Delivered Duty Paid DDP named place of destination Incoterms\u00ae 2010 \u2014 This term may be used whatever mode or modes of transport may be used.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205320310{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744180049{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>FAS (Free Alongside Ship)<\/h5>\n<p>Free Alongside Ship FAS named port of shipment Incoterms\u00ae 2010 \u2014 The seller delivers the goods when they are placed alongside the vessel nominated[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1449205379621{margin-bottom: 0px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205334719{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744222714{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>FOB (Free on Board)<\/h5>\n<p>Free On Board FOB named port of shipment Incoterms\u00ae 2010 \u2014 There is a significant change from the meaning of this term in former revisions of[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1449205338110{margin-bottom: 30px !important;}&#8221;][vc_column_text css=&#8221;.vc_custom_1447744238353{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>CFR (Cost &amp; Freight)<\/h5>\n<p>Cost and Freight CFR named port of destination Incoterms\u00ae 2010 \u2014 This rule is intended for use only when carriage is by sea or inland waterway.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner css=&#8221;.vc_custom_1447744004634{margin-bottom: 30px !important;}&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1447744263927{border-top-width: 1px !important;border-right-width: 1px !important;border-bottom-width: 1px !important;border-left-width: 1px !important;padding-top: 40px !important;padding-right: 30px !important;padding-bottom: 40px !important;padding-left: 30px !important;border-left-color: #e6e6e6 !important;border-left-style: solid !important;border-right-color: #e6e6e6 !important;border-right-style: solid !important;border-top-color: #e6e6e6 !important;border-top-style: solid !important;border-bottom-color: #e6e6e6 !important;border-bottom-style: solid !important;}&#8221;]<\/p>\n<h5>CIF (Cost Insurance &amp; Freight)<\/h5>\n<p>Cost Insurance and Freight CIF named port of destination Incoterms\u00ae 2010 \u2014 This term is to be used only when carriage is by sea or inland waterway.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][stm_sidebar sidebar=&#8221;272&#8243;][\/vc_column][vc_column offset=&#8221;vc_col-lg-9 vc_col-md-9&#8243;][vc_column_text css=&#8221;.vc_custom_1447743973079{margin-bottom: 60px !important;}&#8221;] What are Incoterms? INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-455","page","type-page","status-publish","hentry"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.2.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"What are Incoterms? INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment. 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