 |
EXW
- Ex Works -- Title and risk pass to buyer including payment of all
transportation and insurance cost from the seller's door. |
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FCA
- Free Carrier -- Title and risk pass to buyer including transportation and
insurance cost when the seller delivers goods cleared for export to the
carrier. Seller is obligated to load the goods on the Buyer's collecting
vehicle; it is the Buyer's obligation to receive the Seller's arriving
vehicle unloaded. |
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FAS
- Free Alongside Ship --Title and risk pass to buyer including payment of
all transportation and insurance cost once delivered alongside ship by the
seller. Used for sea or inland waterway transportation. The export clearance
obligation rests with the seller. |
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|
FOB
- Free On Board and risk pass to buyer including payment of all
transportation and insurance cost once delivered on board the ship by the
seller. Used for sea or inland waterway transportation. |
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|
CFR
- Cost and Freight -- Title, risk and insurance cost pass to buyer when
delivered on board the ship by seller who pays the transportation cost to
the destination port. Used for sea or inland waterway transportation. |
|
|
CIF
- Cost, Insurance and Freight -- Title and risk pass to buyer when delivered
on board the ship by seller who pays transportation and insurance cost to
destination port. Used for sea or inland waterway transportation. |
|
|
CPT -
Carriage Paid To -- Title, risk and insurance cost pass to buyer when
delivered to carrier by seller who pays transportation cost to destination.
Used for any mode of transportation. |
|
|
CIP
- Carriage and Insurance Paid To --Title and risk pass to buyer when
delivered to carrier by seller who pays transportation and insurance cost to
destination. Used for any mode of transportation. |
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|
DAF -
Delivered at Frontier -- Title, risk and responsibility for import clearance
pass to buyer when delivered to named border point by seller. Used for any
mode of transportation. |
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|
DES
- Delivered Ex Ship -- Title, risk, responsibility for vessel discharge and
import clearance pass to buyer when seller delivers goods on board the ship
to destination port. Used for sea or inland waterway transportation. |
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|
DEQ
- Delivered Ex Quay (Duty Paid) -- Title and risk pass to buyer when
delivered on board the ship at the destination point by the seller who
delivers goods on dock at destination point cleared for import. Used for sea
or inland waterway transportation. DDU - Delivered Duty Unpaid -- Title,
risk and responsibility of import clearance pass to buyer when seller
delivers goods to named destination point. Used for any mode of
transportation. Buyer is obligated for import clearance. |
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|
DDU -
Delivered Duty Unpaid -- Seller fulfills his obligation when goods have been
made available at teh named place in the country of importation |
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|
DDP
- Delivered Duty Paid -- Title and risk pass to buyer when seller delivers
goods to named destination point cleared for import. Used for any mode of
transportation. |
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|
Note:
EXW, CPT, CIP, DAF, DDU and DDP are commonly used for any mode of
transportation. FAS, FOB, CFR, CIF, DES, and DEQ are used for sea and inland
waterway. |
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|
1H - First Half (of a month) |
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|
2H - Second Half (of a month) |
|
|
Cat Change - Catalyst Change |
|
|
CP - Contract Price |
|
|
DEG - Di-ethyelene Glycol |
|
|
EGAF - Ethylene Glycol Antifreeze Grade |
|
|
EGF - Ethylene Glycol Fiber Grade |
|
|
EGI - Ethylene Glycol Industrial Grade |
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|
MTBE - Methyl Tertiary Butyl Ether |
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NYMEX - New York Mercantile Exchange |
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T1 - Products made outside the EU, often
subject to duty |
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T2 - Products made within the EU not subject
to duty |
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TEG - Tri-ethylene Glycol |
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T/R - Turnaround |
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TVA - Temporary Voluntary Allowance |
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USP - U.S. Pharmaceutical Grade |
