Basic overview of the INCOTERMS® rules

All modes of transport


Sea and inland waterways transport


Goods are placed at the disposal of the buyer at the seller's premises or at another named place (warehouse, factory, etc). The seller has no obligation to load the goods on any collecting vehicle.

This delivers the goods to the carrier or another person nominated by the buyer at the seller's premises or another named place.

All costs up to delivery over the ships rail at the named port of shipment. sea or inland waterways transport only.

The seller delivers the goods alongside the vessel nominated by the buyer at the named port of shipment.

As for CIF except that the cost of insurance is covered by the buyer.

Cost of goods plus insurance and freight, duty unpaid, to a named port of destination. Sea or inland waterways transport only.

As for CIP, except the cost of insurance is carried by the buyer.

Costs of carriage and insurance of the goods and duty unpaid, to the named destination.

Delivery takes place when the goods are placed at the disposal of the buyer once unloaded from the arriving means of transport at a named terminal at the named port of place of destination. The seller bears all the risks of loss or damage to the goods until they have been delivered in accordance with the agreed delivery place. Applies to all modes of transport.

Delivery takes place when the goods are placed at the disposal of the buyer on the arriving means of transport at a named place of destination. The seller bears all the risks of loss or damage to the goods until they have been delivered in accordance with agreed delivery place. Applies to all modes of transport.

Delivery takes place when the goods are placed at the disposal of the buyer, cleared for import, on the arriving means of transport at a named place of destination. The seller bears all the risks of loss or damage to the goods until they have been delivered in accordance with the agreed delivery palce. Applies to all modes of transport.

*Rules based on INCOTERMS® 2010