"The rules are recommended and published by the International Chamber of Commerce (ICC). The official version of Incoterms 2010 is the original text in English, approved by the United Nation Commission on International Trade Law (UNCITRAL). Authorised translations in 31 languages are available at ICC local committees. The rules in Incoterms 2010 were divided by groups, differing due to common factors within the group, such as transport and insurance fees, the point of risk transfer (and thus the completion of the delivery, directly pertaining to the payment and the carrying out of the conract), responsibility for the formalities and the costs of customs and import duties.
[Group E] - Departure - the seller makes the goods available for the buyer at the indicated release point. The seller is not obliged to take care of the customs or export duties, nor do they bear the costs and risk of the loading of the goods.
- EXW. Ex Works (...named place). The term shows the lowest level of responsibility and commitment on the pat of the buyer. The delivery is deemed completed at the moment of the placing of the goods for the buyer at the indicated location, without any further obligations on part of the seller.
[Group F] - Main Carriage Unpaid - Group F responsibilises the seller with taking care of the export customs duties. The seller doesn't bear the costs of transport or insurance.
- FCA. Free Carrier (... named place) – The seller bears the cost of transport, loading, unloading and insurance until the delivery of the goods to the first carrier, indicated by the buyer, in an indicated location. The goods are deemed delivered at the moment of the delivery of the goods by the carrier, and at this point the risk of damage or loss of goods is transferred to the buyer.
- FAS. Free Alongside Ship (... named loading port) –The responsibility for transport costs and the seller's risk end at the point of the delivery of the goods alongside the ship in an indicated port, however without loading them on the ship itself. From that point onwards all costs and risks associated with the goods are transferred to the buyer. The term can only be applied when dealing with maritime or inland navigation transport.
- FOB. Free On Board (... named loading port) – As with FCA, however the point of risk and cost transfer fro the seller to the buyer is the point of the transfer of goods onboard the ship (the seller bears the costs of the loading). The term can only be applied when dealing with maritime or inland navigation transport.
[Group C] – Main Carriage Paid – The seller makes a transport agreement and bears its costs. The seller is also responsible for carrying out export custsoms duties. The risk is transferred to the buyer at the point of the sending of the goods. All additional costs - emergent after the loading - and further transport and unforeseen circumstances costs are borne by the buyer.
- CFR. Cost and Freight (... named destination port) The seller does not bear the costs of the insurance of the goods (from the loading the goods on the ship in the first port onwards), which are borne by the buyer. The delivery is deemed compltete at the point of the loading of the cargo upon the ship of a carrier indicated by the seller.
- CIF. Cost, Insurance and Freight (named destination port) Unlike CFR, the seller also has to make arrangements for insuring the goods for the buyer. It is worht noting that Incoterms 2010 responsibilize the seller only to provide basic insurance. Both the terms CFR and CIF can only be applied when dealing with maritime or inland navigation transport.
- CPT. Carriage Paid To (... named destination port) The equivalent of CFR in transport other than maritime or inland navigation (including multi-mode transport).
- CIP. Carriage and Insurance Paid to (... named destination port) The equivalent of CIF in transport other than maritime or inland navigation (including multi-mode transport).
[Group D] – Arrival – The seller is obliged to deliver the goods to a specified locale or port.
- DAT (Delivered at Terminal) The seller is responsible for the delivery and unloading of goods to a specified terminal.
- DAP (Delivered at Place) – The seller is responsible for the delivery of goods to a specified location, however the unloading is the responsibility of the buyer.
- DDP (Delivered Duty Paid) – The widest level of responsibility on part of the seller from those above. In addition to the responsibiiltes stipulated by DDU, the seller also bears the costs and responsibility of dealing with import customs duties.