Incoterms



Group E – Departure:

EXW. Ex Works (named place): the seller makes the goods available at his premises. The buyer is responsible for uploading.

Group F – Main Carriage Unpaid:

FCA. Free Carrier (named place): the seller hands over the goods, cleared for export, into the custody of the first carrier (named by the buyer) at the named place. This term is suitable for all modes of transport, including carriage by air, rail, road, and containerised / multi-modal transport.

FAS. Free Alongside Ship (named loading port): free Alongside Ship: the seller must place the goods alongside the ship at the named port. The seller must clear the goods for export; this changed in the 2000 version of the Incoterms. Suitable for maritime transport only.

FOB. Free On Board (named loading port): the classic maritime trade term, Free On Board: seller must load the goods on board the ship nominated by the buyer, cost and risk being divided at ship’s rail. The seller must clear the goods for export. Maritime transport only.

Group C – Main Carriage Paid:

CFR. Cost and Freight (named destination port):
Seller must pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods have crossed the ship’s rail. Maritime transport only.

CIF. Cost, Insurance and Freight (named destination port):
Exactly the same as CFR except that the seller must in addition procure and pay for insurance for the buyer. Maritime transport only.

CPT. Carriage Paid To (named place of destination):
The general/containerised/multimodal equivalent of CFR. The seller pays for carriage to the named point of destination, but risk passes when the goods are handed over to the first carrier.

CIP. Carriage and Insurance Paid to (named place of destination):
The containerised transport/multimodal equivalent of CIF. Seller pays for carriage and insurance to the named destination point, but risk passes when the goods are handed over to the first carrier.

Group D – Arrival:

DAT. Delivered at Terminal (named terminal at destination port):
Seller pays for carriage to the terminal, except for costs related to import clearance, and assumes all risks up to the point that the goods are unloaded at the terminal.

DAP. Delivered at Place (named destination place):
Seller pays for carriage to the named place, except for costs related to import clearance, and assumes all risks prior to the point that the goods are ready for unloading by the buyer.

DDP. Delivered Duty Paid (named destination place):
Seller is responsible for delivering the goods to the named place in the country of the buyer, and pays all costs in bringing the goods to the destination including import duties and taxes. The seller is not responsible for unloading.

USEFULL INFO

Cyprus Ports & Terminals

Shipping Dictionary

Container Description

Incoterms

The company is IMS (ISO9001, ISO14001, OHSAS18001) certified by LRQA (Lloyd’s Register) and is a member of THLG (The Heavy Lift Group), the Cyprus Shipping Association, the International Freight Forwarding Association, the International Air Transport Association. Through its parent company Amathus Corporation Ltd, Amathus Aegeas is also FPAL registered (supplier number 10054007) and is a member of IADC (International Oil Drilling Contractors).
Certifications 1 Certifications 2
Contact Us

Etko Harbour Tower, Aktalas Avenue
Cornaro Block, 2nd floor, Limassol, CY-3010, Cyprus
P.O. Box 50046, 3600 Limassol, Cyprus


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