In English
In Spanish
In Portuguese
In French 
In Dutch
Some fees
Incoterms
Incoterms are internationally accepted commercial terms used by importers and exporters to define when title and risk pass from the seller to the buyer. They are extremely important and all new importers or exporters should be aware of them and include them into operational plans and costing. The following terms are listed from basically the buyer taking title and risk and paying for all transportation at the sellers factory or place of business to the seller keeping title, risk and paying for all transportation until arrival at the buyers place of business.
EXW - Ex Works
The buyer must pay all transportation costs and assume all risk during the transportation. Once the product is out of the factory door it becomes the responsibility of the buyer.
FCA -Free Carrier
The seller is responsible to clear the goods for export and load them onto the transport vehicle. The title and risk then pass to the buyer.
FAS - Free Alongside Ship
The title and risk for the goods pass to the buyer once they have been cleared for export and delivered alongside the ship.
FOB - Free On Board
The seller is required to clear the goods for export, deliver the goods and load them onto the ship. Title, risk and transportation costs then pass to the buyer.
CFR - Cost and Freight
The seller maintains title and risk until delivery is made to the destination port.
CIF - Cost, Insurance and Freight
The seller maintains title and risk until delivery is made to the destination port. The seller also pays for insurance.v
CPT - Carriage Paid To
The buyer takes title to the goods and assumes the risk once the goods reach their destination. The seller pays for the transportation costs.
CIP - Carriage and Insurance Paid To
The buyer takes title to the goods and assumes the risk once the goods reach their destination. The seller pays for the transportation and insurance costs.
DAF - Delivered at Frontier
The seller will cover transportation costs and assume the risk until the goods reach the border point outlined in the sales agreement. The title, risk and responsibility for clearing the goods through customs rest with the buyer.
DES - Delivered Ex Ship
The title and risk pass to buyer once the goods reach their destination port. Charges for unloading and clearing customs rest with the buyer.
DEQ - Delivered Ex Quay (Duty Paid)
The seller maintains title and risk until the goods have been reached their destination port, been unloaded and cleared through customs.
DDU - Delivered Duty Unpaid
The seller is responsible for delivery the goods to their agreed upon destination paying for all transportation. The buyer however is responsible for duty charges.
DDP - Delivered Duty Paid
The seller is responsible for the goods and maintains title and risk until they arrive at the agreed upon destination point. The seller clears the goods and pays duty.
Disclaimer: Due to the extreme importance of these terms all importers and exporters are urged to further investigate these terms. We bare no responsibility for errors or ommissions relating to these terms. You can find more information by purchasing the guide at Amazon.ca
