Incoterms

FOB — Free On Board

Seller delivers goods on board the vessel nominated by the buyer. Risk transfers when goods are on board.

CIF — Cost, Insurance and Freight

Seller delivers goods on board the vessel and pays for insurance and freight to the named destination port.

EXW — Ex Works

Seller makes the goods available at their premises. Buyer bears all costs and risks from that point.

FCA — Free Carrier

Seller delivers goods to the carrier nominated by the buyer at the named place.