Rules covering all types of transport
EXW- Ex Works (Delivery at Work)
The seller notifies the buyer by keeping the goods ready for the buyer’s order on the date determined before in his business. The buyer takes delivery of the goods from the enterprise, prepares the necessary documents for export, completes the customs procedures and imports the goods to his own country. From the delivery of the goods at the enterprise, all costs and risks related to the goods are borne by the buyer.
FCA – Free Carrier
As soon as the seller completes the customs procedures and transfers the goods to the supervision of the first carrier on the specified date and place, the delivery process is completed. From this moment on, all costs and risks related to the goods pass to the buyer. Freight charge is paid by the buyer like all other expenses.
CPT – Carriage Paid To
The seller is responsible for paying the freight to the destination. From the moment the goods are transferred to the custody of the first carrier, all risk and non-freight costs related to the goods pass to the buyer.
CIP – Carriage And Insurance Paid To
The seller has the same obligations as in the CPT. However, in addition, it has to provide cargo insurance against the risk of loss or damage during the transportation of the goods.
DAT – Delivered At Terminal
The goods are left at the disposal of the buyer at the terminal point determined by the buyer and the seller (this point may be a port or customs warehouse or the buyer’s factory), with the unloading costs borne by the seller. All customs procedures, costs, taxes, duties and charges arising from customs belong to the buyer.
DAP – Delivered At Place
It is the release of the goods at the disposal of the buyer on the transport vehicle ready for unloading at the unloading place determined by the buyer and the seller (a port pier, customs point, airport). All customs procedures, costs, taxes, duties and charges arising from customs belong to the buyer. The seller undertakes the transportation costs of the goods to the designated place / terminal-related loss risks.
DDP – Delivered Duty Paid
The seller prepares the goods in accordance with the contract conditions. It prepares the necessary documents to be used in its own country and in the Buyer’s country. Completes Export and Import Customs procedures. The carrier provides the vehicle and pays the freight charge. All costs and risks related to the goods until delivery belong to the seller. It makes the delivery at the place and date determined in the buyer’s country by paying the customs taxes.
The buyer pays the price of the goods in accordance with the terms of the contract and receives the goods.
