Incoterms

Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce (ICC), they are at the heart of world trade.

ICC recommends that "Incoterms 2000" be referred to specifically whenever the terms are used, together with a location. For example, the term "Delivered at Frontier" (DAF) should always be accompanied by a reference to an exact place and the frontier to which delivery is to be made.

Here are three examples of correct use of Incoterms:
FCA Kuala Lumpur Incoterms 2000
FOB Shanghai Incoterms 2000
DDU Frankfurt Schmidt GmbH Warehouse 4 Incoterms 2000 

To make sure using Incoterms correctly, please refer to http://www.iccwbo.org/incoterms/id3040/index.html for detailed explaination.

Incoterm 2000
Incoterm
2000
(Acronym)
Warehouse Service Charges
Dock & Loading Charges
Inland Charges
Port
Charges
Forwarder's Charges
Loading on vessel
Freight Charges
Charges Upon Arrival
Duty/Taxes
& Customs Clearance
Door Delivery Charges
EX WORKS
EXW
 Exporter Importer Importer Importer Importer Importer Importer Importer Importer Importer
FREE CARRIER
FCA
 Exporter Exporter Importer Importer Importer Importer Importer Importer Importer Importer
FRREE ALONGSIDESHIP
FAS
 Exporter Exporter Exporter Exporter Exporter Importer Importer Importer Importer Importer
FREE ONBOARD VESSEL
FOB
 Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer Importer Importer
COST & FREIGHT
CFR
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer Importer
COST, INSURANCE & FREIGHT
CIF
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer Importer
CARRIAGE PAID TO
CPT
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer Importer
CARRIAGE INSURANCE PAID TO
CIP
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer Importer
DELIVERED AT FRONTIER
DAF
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer
DELIVERED EX SHIP
DES
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Importer
DELIVERED EX QUAY DUTY PAID
DEQ
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer
DELIVERED DUTY UNPAID
DDU
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Importer Exporter
DELIVERED DUTY PAID
DDP
 Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter Exporter