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Trade Terms
Trade Terms
Two types of 11 terms in the 2010 edition of the General Principles of Interpretation of International Trade Terms
The first category: suitable for any mode of transportation
CIP - Carriage and Insurance Paid Shipping/Insurance paid to destination
CPT - Carriage Paid To shipping to destination
DAP - Delivered At Place destination delivery
Delivery of DAT - Delivered At Terminal at the destination or destination port
DDP - Delivered Duty Paid Duty-paid delivery
EXW - Ex Works factory delivery
FCA - Free Carrier
The second category: suitable for shipping and inland water transport
CFR - Cost and Freight cost plus freight
CIF - Cost, Insurance and Freight Cost Insurance and Freight
FAS - Free Alongside Ship Shipment at the port of shipment
FOB - Free On Board at the port of shipment
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