INCOTERMS 2000 are internationally accepted commercial terms defining the respective

roles of the buyer and seller in the arrangement of transportation and

other responsibilities and clarify when the ownership of the merchandise

takes place. They are used in conjunction with a sales agreement or other

method of transacting the sale.

EXW - Ex Works -- Title and risk pass to buyer including payment of all

transportation and insurance cost from the seller's door. Used for any

mode of transportation.

FCA - Free Carrier -- Title and risk pass to buyer including

transportation and insurance cost when the seller delivers goods cleared

for export to the carrier. Seller is obligated to load the goods on the

Buyer's collecting vehicle; it is the Buyer's obligation to receive the

Seller's arriving vehicle unloaded.

FAS - Free Alongside Ship --Title and risk pass to buyer including payment

of all transportation and insurance cost once delivered alongside ship by

the seller. Used for sea or inland waterway transportation. The export

clearance obligation rests with the seller.

FOB - Free On Board and risk pass to buyer including payment of all

transportation and insurance cost once delivered on board the ship by the

seller. Used for sea or inland waterway transportation.

CFR - Cost and Freight -- Title, risk and insurance cost pass to buyer

when delivered on board the ship by seller who pays the transportation

cost to the destination port. Used for sea or inland waterway

transportation.

CIF - Cost, Insurance and Freight -- Title and risk pass to buyer when

delivered on board the ship by seller who pays transportation and

insurance cost to destination port. Used for sea or inland waterway

transportation.

CPT - Carriage Paid To -- Title, risk and insurance cost pass to buyer

when delivered to carrier by seller who pays transportation cost to

destination. Used for any mode of transportation.

CIP - Carriage and Insurance Paid To --Title and risk pass to buyer when

delivered to carrier by seller who pays transportation and insurance cost

to destination. Used for any mode of transportation.

DAF - Delivered at Frontier -- Title, risk and responsibility for import

clearance pass to buyer when delivered to named border point by seller.

Used for any mode of transportation.

DES - Delivered Ex Ship -- Title, risk, responsibility for vessel

discharge and import clearance pass to buyer when seller delivers goods on

board the ship to destination port. Used for sea or inland waterway

transportation.

DEQ - Delivered Ex Quay (Duty Paid) -- Title and risk pass to buyer when

delivered on board the ship at the destination point by the seller who

delivers goods on dock at destination point cleared for import. Used for

sea or inland waterway transportation. DDU - Delivered Duty Unpaid --

Title, risk and responsibility of import clearance pass to buyer when

seller delivers goods to named destination point. Used for any mode of

transportation. Buyer is obligated for import clearance.

DDU - Delivered Duty Unpaid -- Seller fulfills his obligation when goods

have been made available at teh named place in the country of importation

DDP - Delivered Duty Paid -- Title and risk pass to buyer when seller

delivers goods to named destination point cleared for import. Used for any

mode of transportation.

Note: EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of

transportation. FAS, FOB, CFR, CIF, DES, and DEQ are used for sea and

inland waterway.

Incoterms 2000 is copyrighted by the International Chamber of Commerce,

Paris, France.