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Incoterms
are the most frequent shortenings used by the Italian Chamber of
Commerce (CCI) in order to state who is responsible for the shipment
and the costs of delivering it. Their use is optional, but they are
binding if included in a contract.
• EXW - EX WORKS (ex factory)
The commodity is at the disposal of the buyer when established by the seller
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• FOR - FOT FREE ON RAIL (free wagon railway)
The responsibility of the commodities shifts from the sender to the buyer starting from delivery to the railroad.
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• FOA - FOB AIRPORT (free departure airport)
The responsibility of the commodities shifts from the seller to the buyer starting from delivery to the air
carrier.
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• DAF - DELIVERED AT FRONTIER (free frontier)
The seller is responsible for any cost up until goods pass the border.
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• FAS - FREE ALONGSIDE SHIP
Shipping costs and risks fall onto the buyer, from the moment the the goods are on the ship or on the port pier.
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• FOB - FREE ON BOARD
Designated loading port. Expenses and risks of the shipping fall onto
the buyer since loading of the commodity onto the ship’s board
side
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• C&F - COST AND FRIGHT
Any shipping expense is paid by the seller
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• CIF - COST INSURANCE FRIGHT
Designated destination port. Same as C&F but the seller has to pay for insurance too.
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• EXS - EX SHIP
Designated destination port.
The commodities belong to the buyer on the ship in the destination port
chosen.
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• EXQ - EX QUAI
Free clearance harbour.
The commodities are belong to the buyer
after duties are paid and on the pier of the designated port.
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• DDP - DELIVERED DUTY PAID
Duties are paid at the designated place. The seller is responsible for
any expense and risk until the goods are delivered (clearance is
included)
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