{"id":915,"date":"2019-05-03T18:45:52","date_gmt":"2019-05-03T16:45:52","guid":{"rendered":"http:\/\/www.panarcos.com\/incoterms\/"},"modified":"2019-10-01T11:33:18","modified_gmt":"2019-10-01T09:33:18","slug":"incoterms","status":"publish","type":"page","link":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/","title":{"rendered":"Incoterms"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row&#8221; parallax=&#8221;content-moving&#8221; parallax_image=&#8221;40&#8243; parallax_speed_bg=&#8221;2&#8243; css=&#8221;.vc_custom_1556904930018{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 120px !important;padding-bottom: 120px !important;}&#8221;][vc_column][vc_custom_heading text=&#8221;INCOTERMS&#8221; font_container=&#8221;tag:h1|text_align:left|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]International Chamber of Commerce rules for the use of national and international commercial terms.<\/p>\n<p>The published text is a short version. For more info, please check the official edition Incoterms 2010.[\/vc_column_text][vc_single_image image=&#8221;47&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][vc_toggle title=&#8221;EXW: ExWorks&#8221; style=&#8221;rounded_outline&#8221;]<strong>EXW: ExWorks<\/strong><\/p>\n<p>The seller delivers when it places the goods at the disposal of the buyer at the seller\u2019s premises or at another named place (i.e., works, factory, warehouse, etc.). The seller does not need to load the goods on any collecting vehicle, nor does it need to clear the goods for export, where such clearance is applicable.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Freight in origin<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>International freight, from export point to import place<\/li>\n<li>Import fees<\/li>\n<li>Transportation in place of destination<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;FCA: Free Carrier&#8221; style=&#8221;rounded_outline&#8221;]<strong>FCA: Free Carrier<\/strong><\/p>\n<p>The seller delivers the goods to the carrier or another person nominated by the buyer at the seller\u2019s premises or another named place. The parties are well advised to specify as clearly as possible the point within the named place of delivery, as the risk passes to the buyer at that point.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Freight, from export place to destination<\/li>\n<li>Import fees<\/li>\n<li>Custom clearance<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;FAS: Free Alongside Ship&#8221; style=&#8221;rounded_outline&#8221;]<strong>FAS \u2013 Free Alongside Ship<\/strong><\/p>\n<p>The seller delivers when the goods are placed alongside the vessel nominated by the buyer at the named port of shipment. The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.&lt;<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Freight, from export place to destination<\/li>\n<li>Custom clearance<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;FOB: Free on board&#8221; style=&#8221;rounded_outline&#8221;]<strong>FOB \u2013 Free On Board<\/strong><\/p>\n<p>The seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Freight, from export place to destination<\/li>\n<li>Import fees<\/li>\n<li>Custom<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;CPT: Carriage Paid To&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>CPT \u2013 Carriage Paid to<\/strong><\/p>\n<p>The seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight, from export place to destination<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees<\/li>\n<li>Freight from import place<\/li>\n<li>Custom clearance<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;CIP: Carriage &amp; Insurance Paid to&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>CIP \u2013 Carriage and Insurance Paid to<\/strong><\/p>\n<p>The seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is agreed between parties) and that the seller must contract for and pay the costs of carriage necessary to bring the goods to the named place of destination. The seller also contracts for insurance cover against the buyer\u2019s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIP the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight and insurance, from export place to destination<\/li>\n<li>Import fees (warehousing, agents\u2026)<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees (warehousing, agents\u2026)<\/li>\n<li>Freight from import place<\/li>\n<li>Custom clearance<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;CFR: Cost &amp; Freight&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>CFR \u2013 Cost and Freight<\/strong><\/p>\n<p>The seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. the seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight and isurance, from export place to destination<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees (warehousing, agents\u2026)<\/li>\n<li>Freight from import place<\/li>\n<li>Custom clearance<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;CIF: Cost Insurance &amp; Freight&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>CIF \u2013 Cost, Insurance and Freight<\/strong><\/p>\n<p>The seller delivers the goods on board the vessel or procures the goods already so delivered. The risk of loss of or damage to the goods passes when the goods are on board the vessel. The seller must contract for and pay the costs and freight necessary to bring the goods to the named port of destination. The seller also contracts for insurance cover against the buyer\u2019s risk of loss of or damage to the goods during the carriage. The buyer should note that under CIF the seller is required to obtain insurance only on minimum cover. Should the buyer wish to have more insurance protection, it will need either to agree as much expressly with the seller or to make its own extra insurance arrangements.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight and isurance, from export place to destination<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees<\/li>\n<li>Freight from import place<\/li>\n<li>Custom clearance<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;DAT: Delivered at Terminal&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>DAT \u2013 Delivered at Terminal<\/strong><\/p>\n<p>The seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal of the buyer at a named terminal at the named port or place of destination. \u201cTerminal\u201d includes a place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight and isurance, from export place to destination<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees<\/li>\n<li>Freight from import place<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;DAP: Delivered at Place&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>DAP \u2013 Delivered at Place<\/strong><\/p>\n<p>The seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. The seller bears all risks involved in bringing the goods to the named place.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<li>Import fees (warehousing, agents\u2026) when delivering the goods<\/li>\n<li>Custom Clearance<\/li>\n<li>Freight from import place<\/li>\n<\/ul>\n<p>[\/vc_toggle][vc_separator][vc_toggle title=&#8221;DDP. Delivered Duty Paid&#8221; style=&#8221;rounded_outline&#8221;]<\/p>\n<p><strong>DDP \u2013 Delivered Duty Paid<\/strong><\/p>\n<p>The seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means of transport ready for unloading at the named place of destination. The seller bears all the costs and risks involved in bringing the goods to the place of destination and has an obligation to clear the goods not only for export but also for import, to pay any duty for both export and import and to carry out all customs formalities.<\/p>\n<p>Seller Obligations:<\/p>\n<ul>\n<li>Delivery of goods and local authorisations<\/li>\n<li>Packaging<\/li>\n<li>Carriage to port of export<\/li>\n<li>Custom Clearance<\/li>\n<li>Export fees<\/li>\n<li>Freight, from import to export point<\/li>\n<li>Import fees<\/li>\n<li>Freight and insurance from import place<\/li>\n<li>Delays<\/li>\n<\/ul>\n<p>Buyer Obligations:<\/p>\n<ul>\n<li>Goods cost<\/li>\n<\/ul>\n<p>[\/vc_toggle][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1556179264186{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 40px !important;padding-right: 20% !important;padding-bottom: 40px !important;padding-left: 20% !important;background-color: #1c54a5 !important;}&#8221;][vc_column width=&#8221;3\/4&#8243; css=&#8221;.vc_custom_1556179289753{margin-top: 0px !important;padding-top: 0px !important;}&#8221;][vc_custom_heading text=&#8221;REQUEST A QUOTE&#8221; font_container=&#8221;tag:h3|text_align:left|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221;][vc_custom_heading text=&#8221;Ask for further information and solve all your inquiries.&#8221; font_container=&#8221;tag:h5|text_align:left|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][vc_column width=&#8221;1\/4&#8243; css=&#8221;.vc_custom_1556179296084{margin-top: 0px !important;padding-top: 0px !important;}&#8221;]<span  id=\"wofcb-32038\" class=\"ozy-custom_button_w\"><a id=\"ofcb-32038\" class=\"ozy-custom_button  ocbtn-6\"  href=\"http:\/\/www.panarcos.com\/en\/contact\/request-a-quote\/\"  target=\"\" >REQUEST A QUOTE<span><\/span><\/a><\/span>[\/vc_column][\/vc_row]<\/p>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row&#8221; parallax=&#8221;content-moving&#8221; parallax_image=&#8221;40&#8243; parallax_speed_bg=&#8221;2&#8243; css=&#8221;.vc_custom_1556904930018{margin-top: 0px !important;margin-bottom: 0px !important;padding-top: 120px !important;padding-bottom: 120px !important;}&#8221;][vc_column][vc_custom_heading text=&#8221;INCOTERMS&#8221; font_container=&#8221;tag:h1|text_align:left|color:%23ffffff&#8221; use_theme_fonts=&#8221;yes&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]International Chamber of Commerce rules for the use of national and international commercial terms. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":916,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Incoterms - Panarcos<\/title>\n<meta name=\"description\" content=\"International Chamber of Commerce rules for the use of national and international commercial terms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Incoterms - Panarcos\" \/>\n<meta property=\"og:description\" content=\"International Chamber of Commerce rules for the use of national and international commercial terms.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/\" \/>\n<meta property=\"og:site_name\" content=\"Panarcos\" \/>\n<meta property=\"article:modified_time\" content=\"2019-10-01T09:33:18+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"8 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Incoterms - Panarcos","description":"International Chamber of Commerce rules for the use of national and international commercial terms.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/","og_locale":"en_US","og_type":"article","og_title":"Incoterms - Panarcos","og_description":"International Chamber of Commerce rules for the use of national and international commercial terms.","og_url":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/","og_site_name":"Panarcos","article_modified_time":"2019-10-01T09:33:18+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/","url":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/","name":"Incoterms - Panarcos","isPartOf":{"@id":"https:\/\/www.panarcos.com\/en\/#website"},"datePublished":"2019-05-03T16:45:52+00:00","dateModified":"2019-10-01T09:33:18+00:00","description":"International Chamber of Commerce rules for the use of national and international commercial terms.","breadcrumb":{"@id":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/incoterms\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.panarcos.com\/en\/"},{"@type":"ListItem","position":2,"name":"FAQ","item":"https:\/\/www.panarcos.com\/en\/frequently-asked-questions\/"},{"@type":"ListItem","position":3,"name":"Incoterms"}]},{"@type":"WebSite","@id":"https:\/\/www.panarcos.com\/en\/#website","url":"https:\/\/www.panarcos.com\/en\/","name":"Panarcos","description":"L\u00edder en transporte internacional. 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