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INCOTERMS - Coggle Diagram
INCOTERMS
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• Define where title transfers; nor,
• Address the price payable, currency or credit terms.
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transport ready for unloading at the names place of destination. The Seller bears all risks involved in
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o The Seller pays for moving the goods to destination. From the time the goods are transferred to the
first carrier, the Buyer bears the risks of loss or damage. The Seller, however, purchases the cargo
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o The Seller delivers the goods -cleared for import – to the Buyer at destination. The Seller bears all
costs and risks of moving the goods to destination, including the payment of Customs duties and
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destination. The Buyer bears all risks of loss or damage. The Seller, however, purchases the cargo
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o The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks
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o The Seller delivers the goods on board the ship and clears the goods for export. From that point, the
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INCOTERMS inform the sales contract by defining the respective obligations, costs and risks
involved in the delivery of goods from the Seller to the Buyer.
EXW – EX WORKS
The Seller’s only responsibility is to make the goods available at the Seller’s premises.
FCA – FREE CARRIER (... named place of delivery)
o The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer.
CPT – CARRIAGE PAID TO
o The Seller pays for moving the goods to destination. From the time the goods are transferred to the
first carrier, the Buyer bears the risks of loss or damage.
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