agreement by which the ownership of goods is transferred from a seller to a buyer

it must be agreed by both parties

quality

quantity

price

packing and transport

delivery

payment

international commercial terms

make international trade easier

define responsibilities

avoid misunderstanding

S→cover just the price of the goods

B→bears all costs&risks from S's place to the desired destination

S→bears all costs&risks in bringing the goods to the B destination +costume duty, taxes

B→nothing

S→is responsible for the goods until they've been placed alongside the vessel at the port of shipment

B→bears all costs&risks from the vessel to the desired destination +clears the goods

S→is responsible for the goods until they've passed the ship's rail at the port of shipment +clears the goods

B→bears all costs&risks from the chip's rail to the desired destination

S→pays the cost and freight required to bring the goods to the named port of destination +clears the goods

B→bears all costs&risks when the goods pass over the ship's rail at the port of shipment

S→same as CFR +required to provide insurance against the B's risks of loss o damage

B→same as CFR