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. |
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