Polaris Shipping Lines LLP
Global Freight Forwarding & NVOCC
Incoterms define the responsibilities of the seller and buyer in international trade, including delivery point, risk transfer, freight responsibility, and customs obligations.
| Term | Mode | Seller Responsibility | Buyer Responsibility | Risk Transfer Point |
|---|---|---|---|---|
| EXW | All Modes | Goods made available at seller’s premises | Pickup, loading, export, freight, import, final delivery | At seller’s premises |
| FCA | All Modes | Export clearance and delivery to nominated carrier | Main freight, import clearance, final delivery | When handed to carrier |
| CPT | All Modes | Freight paid to destination | Insurance, import clearance, final delivery | When handed to first carrier |
| CIP | All Modes | Freight and insurance paid to destination | Import clearance and final delivery | When handed to first carrier |
| DAP | All Modes | Delivery to named place, not unloaded | Import clearance, duties, unloading | At destination before unloading |
| DPU | All Modes | Delivery and unloading at named place | Import clearance and duties | After unloading at destination |
| DDP | All Modes | All costs including import duties and taxes | Receive goods | At final destination |
| FAS | Sea / Inland Waterway | Goods placed alongside vessel | Loading, ocean freight, import, final delivery | Alongside vessel |
| FOB | Sea / Inland Waterway | Goods loaded on board vessel | Ocean freight, insurance, import, final delivery | On board vessel |
| CFR | Sea / Inland Waterway | Goods loaded and freight paid | Insurance, import, final delivery | On board vessel |
| CIF | Sea / Inland Waterway | Goods loaded, freight and insurance paid | Import clearance and final delivery | On board vessel |