Page 135 - Export and Trade

Glossary

DDP/DTP (‘Delivered Duty Paid’) ICC provides online training courses on Incoterms, as well as various publications
The seller is responsible for delivering VHH ZHEVLWH LQFOXGLQJ WKRVH VKRZQ EHORZ
the goods to the named destination
in the buyer’s country, including all http://store.iccwbo.org/incoterms-2010-qa
costs involved. http://store.iccwbo.org/drafting-and-negotiating-international-commercial-
contracts-2
FAS (‘Free Alongside Ship’)
The seller puts the goods alongside ICC also publishes various papers. Free downloads from its website include:
WKH VKLS DW WKH VSHFL¿HG SRUW WKH\¶UH ICC Anti-Corruption Clause http://store.iccwbo.org/t/ICC%20Anti-
going to be shipped from. The seller corruption%20Clause
must get the goods ready for export, ICC Force Majeure & Hardship Clause http://store.iccwbo.org/content/
but the buyer is responsible for the uploaded/pdf/Force_Majeure_Hardship_Clause.pdf
cost and risk involved in loading ICC Principles to Facilitate Commercial Negotiation http://store.iccwbo.
them. org/t/ICC-Principles-to-Facilitate-Commercial-Negotiation
This term is commonly used ICC Global Trade and Finance Survey 2016 http://store.iccwbo.org/content/
for heavy-lift or bulk cargo (e.g, uploaded/pdf/ICC_Global_Trade_and_Finance_Survey_2016.pdf
JHQHUDWRUV ERDWV EXW QRW IRU JRRGV ICC Green Economy Roadmap
transported in containers by more http://store.iccwbo.org/content/uploaded/pdf/ICC-Green-Economy-
than one mode of transport (FCA is Roadmap.pdf
XVXDOO\ XVHG IRU WKLV ICC Intellectual Property Roadmap http://store.iccwbo.org/content/
uploaded/pdf/2014_IP_RM.pdf
FOB (‘Free on Board’) Developing Neutral Legal Standards International Contracts http://store.
The seller must get the goods ready iccwbo.org/content/uploaded/pdf/Developing_Neutral_Legal_Standards_
for export and load them onto the Int_Contracts.pdf
VSHFL¿HG VKLS 7KH EX\HU DQG VHOOHU ICC Cyber Security Guide for Business http://store.iccwbo.org/content/
share the costs and risks when the uploaded/pdf/ICC%20Cyber%20security%20guide%20for%20business.pdf
goods are on board. This term is
not used for goods transported in References: ICC (ZZZ LFFZER RUJ LQFRWHUPV);
containers by more than one mode of One Integrated Logistics Ltd (ZZZ RQH LOO FRP GRZQORDGV LQFRWHUPV SGI)
WUDQVSRUW )&$ LV XVXDOO\ XVHG IRU WKLV

CFR (‘Cost and Freight’)
The seller must pay the costs of
EULQJLQJ WKH JRRGV WR WKH VSHFL¿HG
port. The buyer is responsible for risks
when the goods are loaded onto the
ship.

CIF (‘Cost, Insurance and Freight’)
The seller must pay the costs of
EULQJLQJ WKH JRRGV WR WKH VSHFL¿HG
port. They also pay for insurance. The
buyer is responsible for risks when the
goods are loaded onto the ship.

NZ Export & Trade Handbook 2018 133