ICC is the creator of the Incoterms® rules and continues to update the trade terms to keep pace with ever-changing trade landscape. The most current edition of the rules, includes the following 11 terms:
The Group - E - basic load driven by:
seller processing of goods at its premises (the place is determined).
Group - F - the basic load is driven by:
Free Carrier (FCA) Seller shall deliver the goods to the first carrier (named by the buyer) and in a specific place and be ready goods for export. This term is considered suitable for all modes of transport, such as air transport and transport via rail and road transport and multi-mode transport (is determined by the place).
Free Along Side Ship (FAS)The seller must put the goods on the loading dock at the port specified the seller the processing and clearance of goods for export. This term is used only in maritime transport (identified, download) port.
Free On Board (FOB) This condition is a condition nautical Traditionally, the seller must load the goods on board the ship by the buyer set, is split the cost and risk to the ship's rail. The seller must clear the goods for export. The use of this condition in the maritime transport only (identified, download) port.
Group - C - basic load driven by:
Cost and Freight (CRF) The seller to pay the costs and freight until the delivery of the goods to the port of destination. On the other hand, risk is transferred to the buyer when the goods beyond the barrier of the ship. The use of this condition in the maritime transport only (is determined by the port of destination name).
Cost Insurance and Freight (CIF) This condition is a condition similar to the CFR except that in this case, the seller must buy and pay for the insurance buyer. The use of this condition in the maritime transport only (the port of destination is determined).
Carriage Paid to (CPT) The seller pays for the load to the access point, but the risk passes to the buyer as soon as the goods are delivered to the first carrier (are named port of destination).
Carriage and Insurance Paid to (CIP) The seller pays the transport and insurance costs to the access point, but the risk passes to the buyer as soon as the goods are delivered to the first carrier (port of destination is determined).
Group - D - Access:
Delivered At Frontier (DAF) (is determined by the place)
Delivered Duty Unpaid (DDU) (are locating access)
Delivered Duty Paid (DDP) (not locate access)