Essential International Commercial Terms Defining Buyer & Seller Responsibilities Worldwide
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| Term | Full Name | Transport Mode | Risk Transfer Point |
|---|---|---|---|
| EXW | Ex Works | Any Mode | Seller's premises / warehouse |
| FCA | Free Carrier | Any Mode | Handed to carrier nominated by buyer |
| FOB | Free On Board | Sea & Inland Waterway | Loaded on board the vessel |
| CFR | Cost and Freight | Sea & Inland Waterway | On board vessel (freight paid to destination) |
| CIF | Cost, Insurance & Freight | Sea & Inland Waterway | On board vessel (freight & insurance paid to destination) |
| DAP | Delivered at Place | Any Mode | Ready for unloading at named destination |
| DDP | Delivered Duty Paid | Any Mode | Cleared for import at named destination place |