Incoterms
Abbreviation | English term | Spanish term | Description |
CIF | 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. |
CPT | 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. |
CIP | 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. |
CFR | 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 |
DDP | 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. |
DAT | 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. |
DAP | 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. |
FOB | Free on Board | Franco a bordo | The seller places the goods on the ship's rail at the agreed port. |
FAS | Free alongside ship | Franco al costado del buque | The seller places the goods alongside the ship at the agreed port of shipment. |
FCA | Free carrier | Franco Porteador | The seller delivers the merchandise to the carrier proposed by the buyer at the agreed point. |