Incoterms

Incoterms divides into four main groups: E-F-C-D

Group E: is the abbreviation of Ex Works: meaning delivering the goods to the point of departure at the origin.

In this way, the seller delivers the goods to the buyer at the place of production or warehousing, and all costs, including loading, shipping, insurance, customs and risk of damage to the goods, are borne by the buyer.

Group F: This group delivers the goods to the buyer free of charge at the origin whereby the seller delivers the goods to the place designated by the buyer.

Group C: Delivery of the goods to the buyer by paying the fare whereby the seller has to pay the fare to the destination, but the buyer is at risk of loss or damage and additional costs. In this way a kind of division of responsibility between the buyer and the seller is applied.

Group D: Delivery of goods to the destination whereby the seller is responsible for delivering the goods to the agreed point or location at the destination and the seller is responsible for all risks and costs.