Incoterms

What does CIF stand for in Shipping Terms? CIF is a Shipping Incoterm that stands for: Cost, Insurance, Freight agreement, with the seller holding responsibility for all three. When purchasing

What does FAS Mean in Incoterms? On January 1st, 2020, the International Commerce Center published what is currently the most up to date International Commercial Trade Terms, Incoterms 2020. Commentary

What does CPT Mean in Shipping Terms?The liability of the shipment transfers once the goods are delivered to the first carrier, usually at the origin port. CPT can be used

What does EX Works (EXW) Mean in shipping terms? Ex Works is an Incoterm used for all forms of shipping, regardless of the mode, or legs of the transport. Under

What does DAP Mean in shipping terms? DAP is a Shipping Incoterm that means “Delivered at Place,” where the seller is responsible for all costs and risks associated with the

What are Incoterms? <p “=”” style=””International Commercial Trade Terms, or Incoterms for short, are selling terms buyers and sellers use so they can communicate which party is responsible for the

What does FOB Mean in Shipping Terms? FOB is the most common agreement between an international buyer and seller when shipping cargo via sea. This Incoterm only applies to sea

What does DDP mean in shipping terms? DDP is an incoterm that stands for “delivered duty paid.” Used in sea freight and air freight importing, when shipping under this Incoterm,