INTERNATIONAL FREIGHT EXPERTS

NEW INCOTERMS

RULES FOR ANY MODE OR MODES OF TRANSPORT

• EXW – Ex Work
• FCA – Free Carrier
• CPT – Carriage paid to
• CIP – Carriage and Insurance paid to
• DAT – Delivered at Terminal
• DAP – Delivered at Place
• DDP- Delivered Duty Paid

RULES FOR SEA AND INLAND WATERWAY TRANSPORT

• FAS -Free along Ship
• FOB -Free on Board
• CFR -Cost and freight
• CIF- Cost Insurance and Freight

EXPLANATION OF ABBREVIATIONS

• Ad. Val. – Ad Valorem
• A.Q. – Any Quantity
• B.F. – Board Food or Board Fee
• B/L – Bill of Lading
• BAF – Bunker Adjustment Factor
• BM – Board Measurement
• CAF – Currency Adjustment Factor
• CM or M3 – Cubic Meter
• cc – Cubic Centimeter
• Concl. – Concluded
• Cont’d – Continued
• CFS – Container Freight Station
• Cft. Or cft. – Cubic Foot or Cubic Feet
• cm. – Centimeter
• Cntr(s) – Container(s)
• CU – Cubic
• Cwt – 100 Pounds
• CY – Container Yard
• DDC – Destination Delivery Charge Etc. – Et Cetera
• Exc. – Exceeding
• F.A.K. – Freight All Kinds
• F.A.S. – Free Alongside Ship
• FCL – Full Container Load
• FEU – Forty Foot Equivalent Unit
• F.I. – Free In
• F.I.O. – Free In and Out
• F.I.O.S. – Fee In, Out and Stowed
• F.O. – Free Out
• F.O.B. – Free On Board
• F.M.C. – Federal Maritime Commission
• Ft. – Feet or Foot
• GOH – Garment on Hanger
• Hdlg. Chgs. – Handling Charges
• I.D. – Inside Diameter
• i.e. – That is
• I&S – Iron or Steel
• Incl. – Inclusive
• K.D. or K/D – Knocked Down
• K.D.F. – Knocked Down Flat
• Kilos – Kilograms
• K/T – Kilo Ton
• Lb. Or Lbs. – Pound or Pounds
• LCL or LTL – Less than Container Load
• LS – Lumpsum
• L/T – Long Ton (2240 lbs.)
• Lt/40 – Long Ton (2240 lbs.) or 40 Cubic Feet
• M – 1 Cubic Meter
• Max. – Maximum
• MBF or MBM – 1,000 Feet Board Measure
• Min. – Minimum
• mm – Millimeter
• n/exc. – Not Exceeding
• N.O.S. – Not otherwise specified in this agreement
• No. or Nos. – Number or Numbers
• Pkg. Or Pkgs. – Package or Packages
• PRC – People Republic of China
• PRVI – Puerto Rico and U.S. Virgin Islands
• R/T – Revenue Ton
• SL&C – Shipper’s Load and Count
• Sq. Ft. – Square Foot or Square Feet
• S/T – Short Ton (2000 lbs.)
• SU or – Set Up
• TEU – Twenty Foot Equivalent Unit
• TRC – Terminal Receiving Charge
• U.S.A. – United States of America
• USD – United States Dollars
• Viz. – Namely
• Vol. – Volume
• W – 1,000 kilos
• W/M – 1,000 kilos or 1 cubic meter
• WT – Weight