Do you know all the 13 trade terms of freight forwarder?

The basic terms of freight forwarders are EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP, Daf, DES, Deq, DDU, DDP. These 13 trade terms, from left to right, the obligation of the seller is getting bigger and bigger, the buyer is the opposite. That is to say, in the above trade term, the seller assumes the minimum liability under EXW term and the seller assumes the maximum liability under DDP term. Ex W factory delivery means that delivery is completed when the seller delivers the goods at the buyer's disposal at its place or other designated place, such as a workshop, factory or warehouse, the seller does not clear the goods for export or load them on any means of transport. This term is the one in which the seller assumes the least responsibility. FCA delivery carrier means that the seller will deliver the goods to the carrier designated by the buyer at the designated place and clear the goods for export. It should be noted that the choice of the place of delivery has an impact on the obligation to load and unload goods at that place. The term may be used for a variety of modes of transport, including multimodal transport. Fas Free on board means that the seller delivers the goods to the ship at the named port of shipment, and the delivery is completed. The buyer must bear all risks of loss of or damage to the goods since then. The term FOB refers to the name of the goods + quantity of the goods + unit price + FOB + port of shipment. The transfer of risk is over the side of the ship. Since the goods have not passed over the ship's rail, the liability shall be borne by the seller's company. If the boom breaks during the re-lifting and the cement falls into the deck instead of the sea, the risk passes to the buyer, which should be the responsibility of the buyer's company. CFR C & F means that the seller delivers the goods when they pass the ship's rail at the port of shipment, and the seller must pay the freight and charges required to transport the goods to the named port of destination. However, the risk of loss of or damage to the goods after delivery, as well as any additional costs incurred as a result of various events, is transferred from the seller to the buyer. The term applies only to sea or inland water transport. If the parties do not intend to deliver the goods across the ship's rail, the CPT term should be used. CIF Cost, insurance and freight means that the seller delivers when the goods pass the ship's rail at the port of shipment. The term applies only to sea and inland water transport. The term CIP shall be used if the parties have no intention of delivering the goods over the ship's rail.

CPT freight payment (named destination) means that the seller delivers the goods to the carrier (named carrier) , but the seller must also pay the freight to deliver the goods to the destination. That is, the buyer bears all risks and other expenses after delivery. CIP Freight and insurance shall mean that the seller shall deliver the goods to the international forwarder designated by the seller, but the seller shall also pay the freight for transporting the goods to the destination, that is, the buyer shall bear all risks and additional costs incurred by the seller after delivery. The term may be applied to various modes of transport, including multimodal transport. Delivery at the DAF border is when the seller, at a designated place at the border and at a specific point of delivery, delivers to the buyer at his disposal the goods that are still on board the means of transport for delivery before the customs border of the neighbouring country, when the goods have been cleared for export but have not been cleared for import, the delivery will be completed. Des Port of destination fob means that at the named port of destination the goods are delivered on board at the buyer's disposal, but without customs clearance for the import of the goods, the seller completes the delivery. The term may be used only if the goods are carried by sea or inland waterway or multimodal transport on board a vessel at the port of destination. Deq Port of Destination Terminal delivery means that the seller delivers the goods to the carrier designated by the buyer at the designated place, and the goods are cleared for export. It should be noted that the choice of the place of delivery has an impact on the obligation to load and unload goods at that place. The term may be used for a variety of modes of transport, including multimodal transport. DDU unpaid duty delivery means that the seller delivers the goods to the buyer at the named destination without going through the import formalities or unloading the goods from the delivery vehicle. The term applies to all modes of transport, but the terms DES or Deq should be used when the goods are delivered on board the ship or at the quay at the port of destination. DDP delivery after duty refers to the seller in the designated destination, the completion of import clearance procedures, the delivery of goods in the delivery of the means of transport has not unloaded to the buyer, the completion of delivery. Since the seller bears the greatest responsibility under the term DDP, the term DDU shall not be used if the seller can not directly or indirectly obtain an import licence, or if the parties wish the buyer to bear the risks and costs of the import. The term applies to all modes of transport, but the terms DES or Deq should be used when the goods are delivered on board the ship or at the quay at the port of destination.