INCOTERMS 2016
Most Common INCOTERMS and definition.
EX Works (EXW)- seller is required to make goods ready for pickup at his or her own place of business. All other transportation costs and risks are assumed by the buyer.
Duties and Taxes- Buyer
Customs Clearance Paperwork- Buyer
Delivered At Place (DAP)- seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading at the named place of destination.
Duties and Taxes- Buyer
Customs Clearance Paperwork- Seller
Delivered Duty Paid (DDP)- seller is responsible for arranging carriage and delivering the goods at the named place, cleared for import and all applicable taxes and duties paid
Duties and Taxes- Seller
Customs Clearance Paperwork- Seller
Please see Attached .JPG for a break down of all of the of the 2010 INCOTERMS
