INCOTERMS means International Commercial Terms, Trade terms, Delivery terms. These terms have been prepared and named by the ICC Paris. First published in 1936 and latest in 2000. At present there are 13 INCOTERMS.
Group E- Departure
EXW-Ex works
Group F- Main carriage unpaid
FCA-Free carrier
FAS-Free Alongside ship
FOB-Free on Board
Group C- Main carriage paid
CFR-Cost and Freight
CIF-Cost Insurance & Freight
CPT-Carriage Paid To
CIP-Carriage & Insurance Paid to
Group D- Arrival
DAF-Delivered at Frontier
DES-Delivered Ex Ship
DEQ-Delivered Ex Quay
DDU-Delivered Duty Unpaid
DDP -Delivered Duty Paid
As per INCOTERM 2010:
Group D- Arrival
DAT-Delivered at Terminal
DAP-Delivered at Place
DDP-Delivered Duty Paid
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