International commercial terms and the rules of Incoterms, published by the International Chamber of Commerce (ICC) is widely used in international commercial operations. Incoterms rules provided for in the terms of trade, which provides a safe transportation of cargo. Incoterms rules are marked by series of three letters, which are precisely defined tasks, costs and risks associated with the transportation and delivery of goods.
EXW
EX Works
FCA
Free Carrier
FAS
Free Alongside Ship
FOB
Free on Board
CFR
Cost and Freight
CIF
Cost Insurance and Freight
CPT
Carriage Paid To
CIP
Carriage and Insurance Paid To
DAT
Delivered at Terminal
DAP
Delivered at Place
DDP
Delivered Duty Paid