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Quote glossary
Incoterms at a glance
EXW
Ex Works
Buyer arranges collection and carries cost and risk from the seller’s premises.
FOB
Free On Board
Seller delivers on board the vessel; buyer carries main carriage and import costs.
CIF
Cost, Insurance and Freight
Seller pays main carriage and minimum insurance to the destination port.
DAP
Delivered at Place
Seller delivers to the named place; buyer clears import and pays duties.
DDP
Delivered Duty Paid
Seller carries all costs including import duties and taxes.
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