FCA Incoterm (Free Carrier) Explained: A UK Guide
What is FCA? FCA, Free Carrier, is an Incoterm where the seller delivers goods to a carrier nominated by the buyer, at a named place. The seller clears the goods for export. Once the goods are handed to the carrier at the named place, risk transfers from the seller to the buyer. FCA works for […]
Cost, Insurance and Freight (CIF) Explained: A UK Guide
What is CIF? Cost, Insurance and Freight (CIF) is an Incoterm where the seller pays for ocean freight and minimum cargo insurance to a named destination port. Risk transfers to the buyer when goods are loaded on board the vessel at the port of shipment. CIF applies to sea and inland waterway transport only. It […]
Carriage and Insurance Paid To (CIP) Explained: A UK Guide
What is CIP? Carriage and Insurance Paid To (CIP) is an Incoterm where the seller pays for freight and comprehensive insurance to a named destination, but risk transfers to the buyer when goods are handed to the first carrier. CIP applies to all transport modes, road, sea, air, and rail. It is commonly used for […]
Carriage Paid To (CPT) Explained: A UK Guide
What is CPT? Carriage Paid To (CPT) is an Incoterms 2020 rule that applies to all modes of transport. The seller pays the cost of freight to a named place of destination, but risk transfers from seller to buyer as soon as the goods are handed to the first carrier at the origin. CPT is […]
DAP Incoterm (Delivered at Place) Explained: A UK Guide
What is DAP? DAP, Delivered at Place, is an Incoterm where the seller delivers goods to a named place of destination, ready for unloading, but without unloading them. The seller handles all transport costs and export customs clearance. The buyer is responsible for import customs clearance, import duty, and VAT. Risk transfers to the buyer […]
Delivered Duty Paid (DDP) Explained: A UK Guide
What is DDP? Delivered Duty Paid (DDP) is an Incoterms 2020 rule where the seller takes on every obligation in the shipment, export clearance, international freight, import customs clearance, import duties, and delivery to the named destination. Risk passes when goods arrive at the agreed place and are made available to the buyer. DDP applies […]
DDU Incoterm (Delivered Duty Unpaid) Explained — and Why DAP Replaced It
What is DDU? DDU, Delivered Duty Unpaid, was an Incoterm under the Incoterms 2000 rules. The seller delivered goods to a named destination and bore all transport costs and risk during transit. The buyer was responsible for import customs clearance, import duties, and taxes on arrival. DDU was abolished in Incoterms 2010 and replaced by […]
DPU Incoterm (Delivered at Place Unloaded) Explained: A UK Guide
What is DPU? DPU, Delivered at Place Unloaded, is the only Incoterm where the seller is responsible for unloading goods at the named destination. The seller arranges and pays for all transport, export customs clearance, and the unloading operation. Risk transfers to the buyer once goods are unloaded. DPU applies to all transport modes and […]
EXW Incoterm (Ex Works) Explained: A UK Guide
What is EXW? EXW (Ex Works) is an Incoterm where the seller’s only obligation is to make the goods available at their own premises, their factory, warehouse, or another named place. The buyer arranges everything else: collection, loading, export customs clearance, freight, insurance, and import customs. EXW gives the seller minimum responsibility and places maximum […]
FAS Incoterm — Free Alongside Ship Explained: A UK Guide
What is FAS? Free Alongside Ship (FAS) is an Incoterm where the seller delivers goods by placing them alongside the named vessel at the port of shipment, on the quay or on a barge. Risk transfers to the buyer at that moment. The seller handles export customs clearance; the buyer takes on all costs and […]