CIP – Cost and Insurance Paid To
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CIP – Cost and Insurance Paid To

Carriage and Insurance paid to… means that the seller delivers the goods to the carrier nominated by him but the seller must in addition pay the cost of carriage necessary to bring the goods to the named destination. This means that the buyer bears all risks and any additional costs occurring after the goods have...

November 26, 2015September 15, 2020by
FAS – Free Alongside Ship
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FAS – Free Alongside Ship

«Free Alongside Ship» means that the seller delivers when the goods are placed alongside the vessel at the named port of shipment. This means that the buyer has to bear all costs and risks of loss of or damage to the goods from that moment. The FAS term requires the seller to clear the goods...

November 25, 2015March 12, 2019by
DAT – Delivered at Terminal (…named terminal at port or place of destination)
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DAT – Delivered at Terminal (…named terminal at port or place of destination)

New Term – May be used for all transport modes 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. “Terminal” includes quay, warehouse, container yard or road, rail or air terminal....

November 25, 2015March 12, 2019by
DDP – Delivery Duty Paid
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DDP – Delivery Duty Paid

Delivered duty paid» means that the seller delivers the goods to the buyer, cleared for import, and not unloaded from any arriving means of transport at the named place of destination. The seller has to bear all the costs and risks involved in bringing the goods thereto including, where applicable (Refer to Introduction paragraph 14),...

November 25, 2015March 12, 2019by
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DAP – Delivery At Place

New Term – May be used for all transport modes Seller delivers the goods when they are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination. Parties are advised to specify as clearly as possible the point within the agreed place of...

November 25, 2015March 12, 2019by
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CIF – Cost, Insurance and Freight

“Cost, Insurance and Freight” means that the seller delivers when the goods pass the ship’s rail in the port of shipment. The seller must pay the costs and freight necessary to bring the goods to the named port of destination BUT the risk of loss of or damage to the goods, as well as any...

November 25, 2015March 12, 2019by