Date：2021-03-24
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FOB, CFR and CIF are all terms in ocean transportation, which correspond to FCA, CPT and CIP respectively in air transportation.
The seller is responsible for preparing and handing over the goods in the workshop, factory, warehouse, etc. to the buyer, but it is not usually responsible for loading the goods on the vehicles prepared by the buyer or handling the goods clearance. The buyer shall bear all costs and risks of transporting the goods from the seller's place to the expected destination.
FCA：Free Carrier（named place）
The Seller shall be responsible for handling the customs clearance of the goods handed over and handing over to the carrier designated by the buyer at the designated place for custody. According to commercial practice, when the seller is required to sign a contract with the carrier for assistance, the seller may do so at the buyer's risk and expense. This term is applicable to any mode of transportation.
FAS：Free Alongside ship（named port of shipment）
The buyer shall bear the cost and risk of loss or damage of the goods and handle the export clearance procedures, which is applicable to sea or inland transportation.
FOB：Free on Boaro（named port of shipment）
The Seller shall deliver the goods to the ship side at the designated port of shipment. After the goods pass the ship's side, the buyer shall bear all the costs, risks, loss or damage of the goods, and also require the seller to handle the export clearance procedures of the goods. FOB is suitable for sea or inland transportation.
CFR or C & f:cost and freight (named port of shipment)
The Seller shall pay for the delivery of the goods to the port of designated destination, but after the goods are delivered to the deck of the ship, the risks, loss or damage of the goods and the additional expenses incurred after the accident shall be transferred from the seller to the buyer after the goods cross the ship side of the designated port. In addition, the seller is required to handle the export clearance procedures of the goods. CFR or c&f is applicable to sea or inland transportation.
CIF：Cost,Insurance and Freight（named port of shipment）
In addition to the same obligations as the term "cost plus freight", the Seller shall also handle the marine insurance for the loss or damage of the goods and pay the insurance premium. CIF is suitable for sea or inland transportation.
CPT：Carriage Paid to tid to（named place of destination）
The Seller shall pay the freight to the designated destination. Any additional costs incurred in respect of the risk of loss or damage to the goods and the events occurring after the goods have been delivered to the carrier shall be borne by the seller from the seller to the buyer from the time the goods have been delivered to the carrier for care. In addition, the Seller shall handle the customs clearance procedures for the export of goods. CPT is applicable to various modes of transportation, including multimodal transport.
CIP：Carriage and Insurance Paid to（named place of destination）
In addition to the same obligations as CPT, the Seller shall also handle the marine insurance for the risk of loss or damage of goods which shall be borne by the buyer during the transportation and pay the insurance premium. CIP is applicable to any mode of transport.
DDP：Delivered Duty Paid（named place ofdestination）
The Seller shall deliver the goods prepared at the designated place of the importing country, bear all costs and risks of transporting the goods to the designated place, and handle the import clearance. DDP can be used in various transportation modes.
DAT：Delivered At Terminal
The Seller shall deliver the goods to the buyer for disposal after unloading at the designated destination or distribution station at the port of destination, and the destination referred to in the term includes the port. The Seller shall bear all risks and expenses (except for import costs) for the delivery of goods to the designated destination or distribution station at the port of destination. Dat is applicable to any mode of transport or multimodal transport.
DAP：Delivered At Place
The Seller shall deliver the goods at the designated destination, and the Seller shall only be ready for unloading without unloading. The term refers to arrival vehicles including ships and destinations including ports. The Seller shall bear all risks and expenses (except import expenses) of transporting the goods to the designated destination. DAP is applicable to any mode of transport, multimodal transport and sea transportation.
