Incoterms

The following Incoterms definitions are only a brief summary.

The complete definition of each term is available from The International Chamber of Commerce (ICC), and can be obtained by purchasing the Incoterms Reference Book through their online bookstore at http://www.iccbooks.com/. This site also offers relevant publications about conducting business in the international marketplace. You can read the latest Incoterms' revisions and detailed definitions at http://www.iccwbo.org/incoterms/faq.asp

EXW - Ex Works. The minimum obligation of a seller under Incoterms. The seller agrethe goods available to the buyer at the seller's premises (named place). The selleresponsible for bearing the cost of loading the goods onto the vehicle provided bunless otherwise agreed in advance. The buyer bears the full costs and risks invobringing the goods from that EXW location to the ultimate destination. It is the sresponsibility during initial negotiations to clearly name the location. 

FCA - Free Carrier. The seller delivers the goods, cleared for export, to a carrier andlnamed by the buyer. Carrier defines any person by whom or in whose name a cocarriage such as by road, rail, air, sea, barge, ferry, or any combination of these multi-modal) has been made. 

FAS - Free Alongside Ship. Used only for sea or inland waterway. The seller is requirthe goods alongside the ship at the pier or quay. From that point forward, the buycosts and risks. The selleris required to clear the goods for export (a reversal froIncoterms versions).  

FOB - Free on Board. Used only for sea or inland waterway. Shipped goods are placethe ship by the seller at the specific port of shipment named in the sales agreemeorder, or contract. The seller is required to clear the goods for export. All costs athe point where the cargo crossesthe ship's rail (is lifted from the quay or pier opasses to the buyer.  

CFR -Cost and Freight. Used only for sea or inland waterway. Seller delivers when gship's rail in the port of shipment. The seller is required to clear the goods for exand risks change at the ship's rail, just as in FOB terms (see previous), but the cois different.

• For goods shipped CFR, the sellerpays all costs to deliver the goods up tport of destination and the buyer is responsible for risks and title.

• For goods shipped FOB, the buyerpays all costs to deliver the goods upport of destination and is responsible for risks and title.

CIF - Cost, Insurance, and Freight. Used only for sea or inland waterway. Seller delgoods pass the ship's rail in the port of shipment and must pay costs and freight destination. The seller is required to clear the goods for export. In its simplest foCFR (see previous) plus Insurance. The seller must procure transport insurance arisk of loss or damage to the goods to the extent that is mutually agreed upon in  

In your service,
Ing Kumala
Personal email: ing.kumala@gmail.com
Business email: info@ptkalinda.co.id