[vc_row][vc_column offset=”vc_col-lg-3 vc_col-md-3 vc_hidden-sm vc_col-xs-12 vc_hidden-xs”][stm_sidebar sidebar=”320″][/vc_column][vc_column offset=”vc_col-lg-9 vc_col-md-9 vc_col-xs-12″][vc_custom_heading text=”What are Incoterms?” use_theme_fonts=”yes”][vc_column_text css=”.vc_custom_1492581014353{margin-bottom: 60px !important;}”]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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581461582{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
EXW (EX Works)
EX Works EXW named place Incoterms® 2010 — This term may be used for either domestic or international trade.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581538342{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
FCA (Free Carrier)
Free Carrier FCA named place Incoterms® 2010 — 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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581549084{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
CPT (Carriage Paid To)
Carriage Paid To CPT named place Incoterms® 2010 — This term may be used whatever mode or modes of transport will be used.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581558783{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
CIP (Carriage & Insurance Paid)
Carriage and Insurance Paid CIP to named place Incoterms® 2010 — 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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581572193{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
DAT (Delivered at Terminal)
Delivered at Terminal DAT named place Incoterms® 2010 — 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=”1/2″][vc_column_text css=”.vc_custom_1492581582183{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
DAP (Delivered at Place)
Delivered at Place DAP named place Incoterms® 2010 — 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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581595931{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
DDP (Delivered Duty Paid)
Delivered Duty Paid DDP named place of destination Incoterms® 2010 — This term may be used whatever mode or modes of transport may be used.[/vc_column_text][/vc_column_inner][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581607261{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
FAS (Free Alongside Ship)
Free Alongside Ship FAS named port of shipment Incoterms® 2010 — 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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581621390{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
FOB (Free on Board)
Free On Board FOB named port of shipment Incoterms® 2010 — 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=”1/2″][vc_column_text css=”.vc_custom_1492581634665{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
CFR (Cost & Freight)
Cost and Freight CFR named port of destination Incoterms® 2010 — 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][vc_column_inner width=”1/2″][vc_column_text css=”.vc_custom_1492581652272{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: 40px !important;padding-bottom: 40px !important;padding-left: 40px !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;}”]
CIF (Cost Insurance & Freight)
Cost Insurance and Freight CIF named port of destination Incoterms® 2010 — This term is to be used only when carriage is by sea or inland waterway.[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row]
