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LOGISTICS SERVICES PROVIDER
Freight Forwarders, Heathrow
DEFINITIONS
INCO Terms

DDP

Delivered Duty Paid   Cost of delivery, including duty, paid up to a named place in the country of importation. Applies to all modes of transport.

DDU

Delivered Duty Unpaid   As for DDP, except that the buyer pays the import duty.

DEQ

Delivered Ex Quay   Costs of delivery, duty paid, to the named port of destination. Sea or inland waterway transport only.

DES

Delivered Ex Ship   Costs of delivery on board the vessel, duty unpaid, at the named port of destination. Sea or inland waterway transport only.

DAF

Delivered At Frontier   Costs of delivery, duty unpaid at the named point and place at the frontier. Applies to all modes of transport.

CIP

Carriage and Insurance Paid  Costs of carriage and insurance of the goods, duty unpaid to the named destination. Appliesto all modes of transport.

CPT

Carriage Paid To  As for CIP, except  that the cost of insurance is carried by the buyer.

CIF

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

CFR

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

FOB

Free on Board  All costs up to delivery over the ship's rail at the named port of shipment. Sea or inland waterway transport only.

FAS

Free Alongside Ship  All costs up to delivery on quay or in lighters at the named port of shipment. Sea or inland waterway transport only.

FCA

Free Carrier  Costs of delivery, cleared for export, into the charge of the carrier named by the buyer at the named place or point. Applied mostly to air and rail transport but could be used for all modes.

EXW

Ex-Works  The goods are made available to the buyer at the exporter's premises, suitably packed unless otherwise arranged for a known means of transport.

 

 

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Import