PASSING OF RISKS AND COSTS

Passing of risks and costs

Passing of risks and costs
INCOTERMS 2010
5 6
INCOTERMS
Code
5 6
INCOTERMS
SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER Code
TERMINAL TERMINAL
EX Works (… named place)
SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER
RISKS TERMINAL TERMINAL
coStS
EX Works (… named place) EXW
Free
RISKSCarrier (… named place)
coStS
RISKS EXW
coStSCarrier (… named place) FCA
Free
Carriage
RISKS Paid To (…named place of destination)
coStS
RISKS FCA
coStS Paid To (…named place of destination) CPT
Carriage
Carriage
RISKS and Insurance Paid to (…named place of destination)
coStS
RISKS CPT
coStS and Insurance Paid to (…named place of destination) CIP
Carriage
Delivered
RISKS At Terminal (… named place)
CIP
of transport

coStS
RISKS
coStS
Delivered At Terminal (… named place)
DAT
of transport

Delivered
RISKS At Place (…named place)
coStS DAT
RISKS
coStS DAP
Delivered At Place (…named place)
all modes

Delivered
RISKS Duty Paid (…named place of destination)
coStS DAP
RISKS
all modes

coStS DDP
Delivered Duty Paid (…named place of destination)
RISKS
coStS DDP

5 6
INCOTERMS
Code
5 6
INCOTERMS
SELLER 1 2 3 CARGO CUSTOMS 4 CUSTOMS 7 CARGO 8 BUYER Code
TERMINAL TERMINAL
SELLER 1
Free Alongside2 Ship 3 CARGO port
(…named CUSTOMS 4
of shipment) CUSTOMS 7 CARGO 8 BUYER
TERMINAL TERMINAL
RISKS FAS
coStSAlongside Ship (…named port of shipment)
Free
RISKSOn Board (…named port of shipment)
Free FAS
coStS
RISKS FOB
transport

coStSOn Board (…named port of shipment)

Free
Cost
RISKSand Freight (…named port of destination) FOB
and inland
transport

coStS
RISKS CFR
coStSand Freight (…named port of destination)
Cost
waterway
seainland

RISKS Insurance and Freight (…named port of destination)

Cost, CFR
coStS
RISKS
waterway

coStSInsurance and Freight (…named port of destination) CIF

sea and

Cost,
RISKS
coStS CIF
RISKS COSTS
The possibility that an event may occur which could cause loss of or Covers all costs except costs of documents. Sales and purchase contracts
damage to the goodsRisks
is a “risk”. Buyers and / or sellers can protect Costs
should clearly state which costs on trasfer of the goods are for account
The possibility that an event may occur
themselves against risks by transport-insurance. of buyer and / orCovers
seller. all costs except costs of
which could cause loss of or damage to
Risks documents. Sales and purchase
Costs
the goods
The is a “risk”.
possibility that anBuyers
event and
may/occur
or sellers contracts
Covers all should clearlycosts
costs except state of
which
can protect
Remark: For detailed explanation
which could themselves
reference is madeloss
cause against
to ICC
of risks
publication
or damage by
INCOTERMS
to 2010. This document is provided to our costs on transfer
customers
documents. for Sales of thepurchase
informational
and goods are
purposes only.for
Please refer to the official
transport-insurance.
text of the International Chamber
the goods is a “risk”. Buyers and / or sellers account
of Commerce for a full and detailed description of all rights and liabilities arising from the ofshould
use of the
contracts buyer clearly
and / or
aforementioned seller.
Incoterms.
state which
can protect themselves against risks by costs on transfer of the goods are for
Remark: For detailed explanation reference is made to ICC publication INCOTERMS
transport-insurance. account of2010 buyer and / or seller.
www.kuehne–nagel.com.ua
Remark: For detailed explanation reference is made to ICC publication INCOTERMS 2010

This document is provided to our customers for informational purposes only.

Please refer to the official text of the International Chamber of Commerce for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms.