EXW- Ex Works
The seller notifies the buyer while keeping goods available at its premises on a predetermined date. The buyer receives the goods from the business, prepares the necessary documents for their export, completes the customs procedures and imports the goods to its own country.
where all costs and risks associated with the goods are borne by the buyer upon delivery of the goods in the enterprise): The seller completes the customs procedures and the delivery operations at the specified date and place, when it transfers it to the supervision of the first carrier. From this moment on, all costs and risks associated with the goods pass to the buyer. The freight charge is also paid by the buyer, as are all other expenses.
CPT-Carriage Paid To
The seller is obliged to pay the freight charge up to the destination. From the moment the goods are transferred to the supervision of the first carrier, all costs and expenses excluding freight are transferred to the buyer.
CIP-Carriage And Insurance Paid To
The seller has the same obligations as in CPT. However, it must additionally provide cargo insurance against the risk of loss or damage during the transportation of goods.
DAT-Delivered At Terminal
It is placing the goods at the buyer's disposal at the terminal point (this point can be a port or customs warehouse or buyer's factory) designated by the buyer and the seller, with the costs of unloading paid by seller. The buyer is responsible for all customs procedures, expenses, taxes, duties and charges arising from customs.
DAP-Delivered at Place
It is placing the goods at the buyer's disposal on the transport vehicle ready for unloading at the unloading site (a port, customs point, airport) designated by the buyer and seller. The buyer is responsible for all customs procedures, expenses, taxes, duties and charges arising from customs. The seller bears the costs of transporting the goods to the designated place/the risk of loss associated with the terminal.
DDP-Delivered Duty Paid
The seller prepares the goods in accordance with the terms of the contract. It prepares the necessary documents to be used in its own country and in the receiving country. It completes the Export and Import Customs procedures. The carrier provides the vehicle and pays the freight charge. The seller bears the costs and risks related to the goods until the delivery. It takes the delivery by paying the customs taxes at the place and date designated in the recipient's country. The buyer pays the cost of the goods in accordance with the terms of the contract and receives the goods.