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"This is the first experience I have had with your company importing my machinery & parts from Ljungby in Sweden. I was impressed with your service from the very start, the initial contact from your import department was professional, very good communications! Everything went according to plan in relation to the arrival & delivery of my cargo. Your import deparment were true to their word and everything went according to plan as they had advised. I cannot fault any area of your service, it's brilliant! Even down to your delivery drivers who I found to be friendly and courteous. I shall definitely utilise your service again, thankyou! "
~ Ljungby Shipping Client 60091
"Very reliable, get a quote straight away, 9 times out of 10 quote is OK. Generally all round good and friendly service."
~ Export Shipping Client 4534
"We can give R W Freight a good rating on their export services to Finland "
~ Finland Export Shipper 49102

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Home > Jargon Explained > Incoterms >

Incoterms

This stands for International Commercial Terms. They were developed by the International Chamber of Commerce to ensure that everybody dealing in international trade was using the same term with the same meaning. Their main purpose is to clarify how functions, costs and risks are split between the buyer and seller in connection with the delivery of the goods as required by the sales contract. Each term clearly specifies the responsibilities of the seller and the buyer. 

The current edition of Incoterms is dated 2000; if you wish to be sure that you have the protection of Incoterms, they should be incorporated into the contract of sale.

You can either incorporate them into the terms of shipment for example: 'FOB Immingham Incoterms 2000' or include a reference to Incoterms 2000 somewhere else in the sales contract.

Please contact us if you are not sure of the meaning of a particular Incoterm.

 

 

  • EXW - Exworks
  • FCA - Free Carrier
  • FAS - Free Alongside Ship
  • FOB - Free on Board
  • CFR - Cost and Freight
  • CIF - Cost Insurance and Freight
  • CPT - Carriage Paid to
  • CIP - Carriage and Insurance Paid To
  • DAF - Delivered at Frontier
  • DES Delivered Ex Ship
  • DEQ - Delivered Ex Quay
  • DDU - Delivered Duty Unpaid
  • DDP - Delivered Duty Paid
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