FAQ

What are the international terms of trade (INCOTERMS)?

They are represented by acronyms (3 letters), international terms of trade are treated effectively in conditions of sale, they define the minimum rights and obligations of the seller and the buyer for freight, insurance, handling in terminals, releases in customs and obtaining documents of an international contract of sale of goods. Therefore they are also called price clauses, because each term to determine the elements that make up the price of goods. Once added to the purchase and sale agreement, now have legal force, with its precise legal meaning and effectively determined. Thus reflect the summary wording of customary international law on trade, in order to simplify and expedite the drafting of the terms of the purchase and sale contracts.

The acronyms are:
EXW – FCA  - FAS  - FOB – CFR  - CIF – CPT – CIP – DAF – DES – DEQ – DDU - DDP

Legenda:
IMP -
IMPORT
EXP - EXPORT
T - BY LAND
A - BY AIR
M - BY SEA

EXW - Ex Work / Named place
FCA – Free Carrier / Named place
FAS - Free Alongside Ship / Named port of shipment 
FOB – Free on Board / Named por 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