INCOTERMS
Preambles to Incoterms 2000
Incoterms 2000 provides Preambles explaining the function of each
Incoterm. These are reproduced in full for visitors to this site.
For example, the Preamble to FAS FREE ALONGSIDE SHIP states that
under FAS the seller delivers when the goods are placed alongside
the vessel at the named port of shipment. "The buyer has
to bear all costs and risks of loss of or damage to the goods
from that moment."
Click on any of the 13 terms listed below and read a concise definition
from the Preambles to Incoterms 2000. Several of the Preambles,
marked below with an *, include a footnote referring to the Introduction.
Click anywhere on those pages to view the relevant part of the
Introduction. Please note that the terms will appear on your screen
in read-only format and so cannot be copied or printed.
EXW EX WORKS (…named place)*
FCA
FREE CARRIER (…named place)
FAS FREE ALONGSIDE SHIP (…named
port of shipment)*
FOB FREE ON BOARD (…named
port of shipment)
CFR COST AND FREIGHT (…named
port of destination)
CIF COST, INSURANCE AND
FREIGHT (…named port of destination)*
CPT CARRIAGE PAID TO (…named
place of destination)
CIP CARRIAGE AND INSURANCE
PAID TO (…named place of destination)*
DAF DELIVERED AT FRONTIER
(…named place)*
DES DELIVERED EX SHIP (…named
port of destination)
DEQ DELIVERED EX QUAY (…named
port of destination)*
DDU DELIVERED DUTY UNPAID
(…named place of destination)*
DDP DELIVERED DUTY PAID
(…named place of destination)*
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ICC recommends that "Incoterms 2000" be referred to
specifically whenever the terms are used, together with a location.
For example, the term "Delivered at Frontier" (DAF)
should always be accompanied by a reference to an exact place
and the frontier to which delivery is to be made.
Here are three examples of correct use of Incoterms:
FCA Kuala Lumpur Incoterms 2000
FOB Liverpool Incoterms 2000
DDU Frankfurt Schmidt GmbH Warehouse 4 Incoterms 2000
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