The Vtormet Company, Russia, Moscow

Incoterms 2000 glossary

CIP

Carriage and Insurance Paid To

Costs of carriage and insurance of the goods, duty unpaid to the named destination. Applies to all modes of transport.

CPT

Carriage Paid To

As for CIP, except the cost of insurance is carried by the buyer.

EXW

Ex Works

Ex Works - The responsibility for loading cargo onto a collecting vehicle at the sellers/exporters premises is no longer the obligation of the seller/exporter. The buyer is now responsible.
If there is more than one loading area at the sellers premises the seller has the option to designate any one of them for loading.


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