Practical information

This abbreviation stands for Free Carrier. The seller takes care of the goods with invoice, packaging, export license, customs formalities for export and the costs of delivery of the goods to the carrier (the carrier), as determined by the buyer and according to the mode of transport.

The seller delivers the cleared goods and hands them over to the carrier named by the buyer at the place or point as agreed. If no exact point has been agreed, the seller can choose within the specified place or area where the transfer of liability takes place.

(source: Incoterms 2010)

Free Alongside Ship (FAS)/Free Langside Ship (agreed port of shipment) is a maritime condition. The transfer of costs and the transfer of risk take place at the moment that the goods have been delivered alongside the ship designated by the buyer, i.e. before loading.

The seller has fulfilled its delivery obligation at the moment that it has delivered the goods alongside the ship designated and named by the buyer at the port of shipment. Alongside means on the waterfront, for example with an inland vessel, or alongside on the loading dock of the shipping port by truck.

(source: Incoterms 2010)

Free on Board (FOB)/Free on Board (agreed port of shipment) is a maritime condition. The transfer of costs takes place after the goods have been placed on board the ship at the port of shipment, or after the goods have been loaded. The transfer of risk also takes place at that time, in other words the critical point of costs is equal to the critical point of risk transfer.

The ship's rail, traditionally a symbolic boundary between seller and buyer, has been abolished. The seller has fulfilled his obligation to deliver when the goods have been placed/loaded on board the ship designated and named by the buyer at the port of shipment.

(source: Incoterms 2010)

The transfer of risk also takes place at that time. Critical points for cost and risk transfer are equal, just like with FOB. The ship's rail, traditionally a symbolic boundary between seller and buyer, has been abolished.

The seller has fulfilled his obligation to deliver when the goods have been placed/loaded on board the ship designated by the seller himself and named in the port of shipment. So just like with FOB.

(source: Incoterms 2010)

Cost, Insurance and Freight (agreed port of destination) is a maritime condition. The transfer of costs takes place after the goods have been placed on board the ship at the port of shipment, i.e. after the goods have been loaded. The transfer of risk also takes place at that time. In other words, as of January 2011, the critical point of cost and risk transfer is the same. Just like with FOB and CFR.

The seller has fulfilled its obligation to deliver when the goods have been placed/loaded on board the ship designated and named by the seller in the port of shipment. This is also equal to CFR and FOB. The insured value of the goods is normally 110% of the invoice value.

(source: Incoterms 2010)

Delivered at Terminal, DAT, is a non-maritime condition. The transfer of costs and risk takes place after the goods, not cleared through customs and unloaded from the arriving means of transport, have been made available to the buyer at an agreed terminal of destination.

The seller has fulfilled its delivery obligation at the moment that the goods, unloaded from the arriving means of transport and not cleared through customs, are available at the agreed terminal of destination.

(source: Incoterms 2010)

Delivered at Place, DAP, (agreed place of destination) is a non-maritime condition. The transfer of costs and risk takes place after the goods, not cleared through customs and unloaded from the arriving means of transport, have been made available to the buyer at an agreed destination. That place can also be the unloaded ship.

The seller has fulfilled its delivery obligation at the moment that the goods, unloaded from the arriving means of transport and not cleared through customs, are available at the agreed destination. DAP replaces the conditions DAF, DES and DDU.

(source: Incoterms 2010)

Delivered Duty Paid (DDP)/Delivered with Duties (agreed place of destination) is a non-maritime condition. The transfer of costs and the transfer of risk take place after the goods, customs duties paid but not unloaded, have been made available to the buyer at the agreed destination.

The seller has fulfilled its delivery obligation at the moment that the goods, cleared and import taxes paid, are not unloaded at the disposal of the buyer at the agreed destination.

(source: Incoterms 2010)