Approved Trade Bodies | Inspection & Certi Agencies

INCOTERMS (What they mean)

EXW - Ex Works
A delivery term where the Seller's only responsibility is to make goods available at his own premises. He has no responsibility for loading the goods. The Buyer bears the full cost and risk in transporting the goods from there to the final destination.

FAS - Free Alongside Ship
The Seller's obligations are filled as soon as the goods have been placed alongside the ship on the quay. The Buyer bears all costs and risks from then on.

FCA - Free Carrier (Named Point)
The Seller's obligation is met when the goods are transfered into the
custody of the Carrier, at the Named Point. The risk transfers from Seller to Buyer at this point.
"CARRIER" is defined as "any person by whom or in whose name a contract of carriage by road, rail air sea or a combination of modes has been made"

FOB - Free On Board
The goods are put on board the ship by the seller at the Port of shipment named in the contract. The risk transfers to the Buyer as the goods pass over the ship's rail at the Port of loading.

CFR - Cost & Freight
The Seller pays the cost & freight of the goods to the named Port of destination. The risks are the Buyer's responsibility from when the goods pass over the ship's rail at the Port of loading. CIF - Cost Insurance & Freight. Similar to CFR but here it is the Seller's duty to arrange all the insurance on behalf of the Buyer and pay the premium.

CIP - Carriage & Insurance Paid To (Named Destination)
The Seller now has to obtain Insurance to cover all riks to the Named Destination.

CPT - Carriage Paid To
The Seller pays the freight for the carriage of the goods to the named destination. The risk transfers to the Buyer when the goods are in the custody of the first carrier.

DAF - Delivery At Frontier (To Named Place)
The Seller's obligations end when the goods have arrived at the Frontier but before entering the Customs process at the Country named in the contract.

DDP - Delivered Duty Paid
The most obligation to the Seller, who is required to pay all charges
involved in delivering the goods to the Buyer.

DDU - Delivered Duty Unpaid
The Seller pays all costs involved in delivering the goods to the Buyer,
with the exception of import duty, taxes and any other official charges levied at importation.

DES - Delivered Ex Ship
The Seller's responsibility for all charges to deliver the goods to the Port of destination named in the contract. The risk transfers to the Buyer on board ship.

DEQ - Delivered Ex Quay (Duty Paid)
The Seller makes the goods available to the Buyer on the quay at the port of destination named in the contract the risk transfers to the Buyer then. (Duty On Buyers Account)
In this variation the liability to clear the goods for import are met by the Buyer.
"It is recommended that the full description is used to avoid misunderstandings. Do not rely on "Ex Quay" on its own".