Incoterms

Question 1

EXW

Answer 1

Ex Works - Buying organisation arrange collection and delivery of the goods from the supplier.

Question 2

FCA

Answer 2

Free Carrier - Supplier delivers the goods to a chosen destination, whereby a courier chosen by the buying organisation collects them and delivers to the final delivery point

Question 3

CPT

Answer 3

Carriage Paid Too- Goods delivered with no official carriage bill to a destination agreed with the buyer. Carriage charge is absorbed in the product price.

Question 4

CIP

Answer 4

Carriage and Insurance Paid - Goods delivered with no official carriage bill to a destination agreed with the buyer. Carriage and Insurance cost absorbed in product price.

Question 5

DAT

Answer 5

Delivered at Terminal - Goods delivered to a sea port, airport or train station by the Supplier. Responsibility is then transferred to the buyer to arrange the rest of the journey