The seller makes the goods available at their premises, or at another named place.

Buyer arranges the collection of the freight (goods) from the designated location, and is responsible for clearing the goods through Customs.

The seller delivers the goods, cleared for export, at a named place.

The goods can be delivered to a carrier nominated by the buyer, or to another party nominated by the buyer.

CPT replaces the C&F (cost and freight) and CFR terms for all shipping modes outside of non-containerized sea freight.

The risk transfers to buyer upon handing goods over to that carrier at the place of shipment in the country of Export.

This term is broadly similar to the above CPT term, with the exception that the seller is required to obtain insurance the goods for 110% while in transit.

Under DAP terms, the risk passes from seller to buyer from the point of destination mentioned in the contract of delivery, all carriage expenses with any terminal expenses are paid by seller up to the agreed destination point. The necessary unloading cost at final destination has to be borne by buyer under DAP terms.

After arrival of the goods in the country of destination, the customs clearance in the importing country needs to be completed by the buyer, e.g. import permit, documents required by customs and etc., including all customs duties and taxes.

INCOTERMS requires that the seller delivers the goods, unloaded, at the named place of destination.

All charges after unloading as named destination (for example, Import duty, taxes, customs and on-carriage) are to be borne by buyer.

Seller is responsible for delivering the goods to the named place in the country of the buyer, but not responsible for unloading.

Seller pays all costs in bringing the goods to the destination including import duties and taxes. Unless the rules and regulations in the buyer's country are very well understood, DDP terms can be a very big risk both in terms of delays and in unforeseen extra costs, and should be used with caution.

The seller delivers when the goods are placed alongside the buyer's vessel at the named port of shipment.

The FAS term requires the seller ( if made clear by adding explicit wording to this effect in the contract of sale ) to clear the goods for export, which is a reversal from previous INCOTERMS versions that required the buyer to arrange for export clearance.

Under FOB terms the seller bears all costs including export clearance and risks up to the point the goods are loaded on board the vessel.

The seller pays for the carriage of the goods up to the named port of destination.

Risk transfers to buyer when the goods have been loaded on board the ship in the country of Export.

The Shipper is responsible for origin costs including export clearance and freight costs for carriage to named port.

This term is broadly similar to the above CFR term, with the exception that the seller is required to obtain insurance for the goods while in transit to the named port of destination.

CIF requires the seller to insure the goods for 110% of their value under at least the minimum cover of the Institute Cargo Clauses.