1. INTERNATIONAL
COMMERCIALTERMS-2010
(IN CO TERMS)
Eng. V.Mohan./
Project Director-
CENTRAL EXPRESSWAY PROJECT-II,
M.Sc(PPM, Turin, Italy), Dip.In Com.Com. Arb (ICLP),DIPPCA (SL),
FCIHT(Lond), FIE(SL), B.Sc(Eng),MIE (SL)
ROAD DEVELOPMENT AUTHORITY
3rd Floor, "Sethsiripaya ", Battaramulla, CO 10120, Sri Lanka,
Office :-+94112877708 - Extension -126
Mobile: +94-77 316 8726, +94 71 843 3070 Home ;+94112322070 Fax No.+94112877708

2. EX WORKS – EXW(…named place)
Seller
Seller’s Risk
Seller’s Cost
Export
License
by Seller
Goods
Cleared
For
Exports
Buyer’s Risk
Buyer’s Cost
Means that the sellerdelivers when he places the goods at the
disposal of the buyerat the seller’s premises oranothernamed place
or
or Buyer

3. Free On Board – FOB….. named port or
Export License &
Goods Cleared for
Export
Buyer’s Risk
Buyer’s Cost
Means that the sellerdelivers when the goods pass the ship
s rail at the named port of shipment.
shipment
Buyer
Seller’s Risk
Seller’s Cost
Goods
cleared
Seller

4. Cost, Insurance &Freight – CIF
(….named port of destination)
Export License &
Goods Cleared for
Export
Buyer’s Risk
Buyer’s Cost
Means that the sellerdelivers when the goods pass the ship s rail at
the named port of shipment.
shipment
Buyer
Seller’s Risk
Seller’s Cost
Goods
cleared
Seller

5. CARRIAGE&INSURANCEPAIDto ….. Named
place of destination - CIP
EXPORTLICENSE&
GOODS CLEAREDFOR
EXPORT
Means that the sellerdelivers when the goods to the carriernominated
by him, but the Sellermust in addition pay the cost of carriage
necessary to bring the goods to the named destination.
shipment
SELLER’S RISK
SELLER’S COST
GOODS
UNCLEARED
SELLER BUYER

6. Delivered Duty PAIDto …. – named place
of destination - DDP
SELLER
EXPORTLICENSE&
GOODS CLEAREDFOR
EXPORT
shipment
BUYER
SELLER’S RISK
SELLER’S COST
GOODS
UNCLEARED
Plus Duty

7. Delivered Duty PAIDto …. – named place
of destination - DDP
SELLER
EXPORTLICENSE&
GOODS CLEAREDFOR
EXPORT
shipment
BUYER
SELLER’S RISK
SELLER’S COST
GOODS
UNCLEARED
Plus Duty