Incoterms - America Logistics Group

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Incoterms
Learn about the set of international rules, governed by the International Chamber of Commerce
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.
ALG offers logistics support services, which include land, air and sea operations, as well as customs procedures, fiscal storage and management of the supply and distribution chain.
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