Learn about the set of international rules, governed by the International Chamber of Commerce
Cost, Insurance & Freight
Costo, seguro y flete
The seller delivers the merchandise to the agreed point of export and assumes the freight and risk insurance from the factory to the place of export, as well as the customs costs of exit.
Carriage paid to
transporte pagado a
The seller delivers the merchandise to the carrier designated by him and additionally pays the costs of transporting the merchandise to the agreed destination.
Carriage and Insurance Paid to
Transporte y Seguro pagados
The seller delivers the merchandise to the carrier designated by him and additionally pays the transportation and insurance costs of the merchandise to the agreed destination.
The CIP term requires the seller to clear the merchandise from customs for export.
Cost & Freight
Coste y Flete
It is the same scope as the FOB term with the difference that the seller must pay the freight to the destination
Delivered Duty Paid
Entrega derechos pagados
The seller must bear all costs and risks up to the agreed point, including customs procedures, payment of procedures, customs duties, taxes and other charges for importation at destination.
Delivered ex Quay
Entrega en Terminal
It relates to deliveries in the country or port of destination, after unloading the merchandise.
The seller assumes risks up to the terminal, this terminal can be: A port, airport, etc.
Delivered ex Ship
Entrega en Lugar
This commercial term replaces the incoterms DAF (Exclusively by land) and DDU (Used as a minor variant of DDP).
It refers to delivering the merchandise in the country of destination at an agreed place without payment of customs duties.
Free on Board
Franco a bordo
The seller places the goods on the ship's rail at the agreed port.
Free alongside ship
Franco al costado del buque
The seller places the goods alongside the ship at the agreed port of shipment.
The seller delivers the merchandise to the carrier proposed by the buyer at the agreed point.