• EXW (Ex Works)

    Seller made goods available at his premises.

  • FCA (Free Carrier)

    Seller handed over goods, cleared for export, into the charge of the carrier named by the buyer at the named place.

  • FAS (Free Alongside Ship)

    Seller sent goods alongside the vessel or in lighters at the named port of shipment.

  • FOB (Free On Board)

    Seller cleared goods for export at the named port of shipment.

  • CFR (Cost and Freight)

    Seller paid costs necessary to bring the goods to the named port of destination.

  • CIF (Cost, Insurance and Freight)

    Same as CFR but seller also has to include marine insurance loss or damage to goods during the shipment.

  • CPT (Carriage Paid To)

    Seller paid freight to the named destination.

  • CIP (Carriage and Insurance Paid To)

    Same as CPT, but also the seller has to include insurance loss of or damage to the goods during the carriage.

  • DAF (Delivered At Frontier)

    Seller cleared goods for export, at the named destination but before the customs.

  • DDU (Delivered Duty Unpaid)

    Seller delivered goods at the named destination.

  • DDP (Delivered Duty paid)

    Seller delivered goods at the named destination and pay charges of delivering the goods to be cleared at custom.

  • DES (Delivered Ex Ship)

    Seller delivered goods on board the ship, uncleared for import at the named destination. The seller pay to in bring goods to the named destination.

  • DEQ (Delivered Ex Quay, [Duty Paid])

    Seller delivered goods at the named destination, cleared for importation.
    Cash in Advance
    Upfront cash to seller before shipment.

  • Letter of Credit (L/C)

    A letter issued by a bank authorizing the bearer to draw a stated amount of money from the issuing bank, its branches, or other associated banks or agencies.

  • Open Account

    An unpaid credit order.

  • Consignment

    Payments deferred until goods sold.

  • Telegraphic Transfer (T/T)

    Electronic transfers of funds through banks.

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© Aeon Shipping LLC. All Rights Reserved.