This document defines various Incoterms (international commercial terms) that specify at what point the responsibility of the seller and buyer begin during transportation of goods. It explains several terms including EXW (Ex Works), 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), FAS (Free Alongside Ship), FOB (Free On Board), CFR (Cost and Freight), and CIF (Cost, Insurance and Freight). For each term it specifies when ownership and responsibility transfers from the seller to the buyer.

1. INCOTERMS 2012 EXW Ex Works En fabrica
(V) entrega la mercancía en sus instalaciones poniéndola a disposición de (C) sin cargarse en el medio de transporte. the seller (exporter) delivers when he places the goods at the disposal of the buyer (importer) at the seller's premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. FCA Free carrier-named place Franco transportista
(V) entrega la mercancía al transportista en el lugar pactado y cargada en el medio de transporte. the seller (exporter) delivers the goods, cleared for export, to the carrier nominated by the buyer (importer) at the named place. It should be noted that the chosen place of delivery has an impact on the obligations of loading and unloading the goods at that place. CPT Carriage paid to Transporte pagado hasta
(V) entrega la mercancía a (C) cuando la pone a disposición del transportista sobre el medio. Además (V) ha de pagar el coste del flete. the seller (exporter) delivers the goods to the carrier nominated by him but the seller (exporter) must in addition pay the cost of carriage necessary to bring the goods to the named destination. CIP Carriage and insurance paid to Transporte y seguro pagado hasta
(V) entrega la mercancía a (C) cuando la pone a disposición del transportista sobre el medio. Además (V) ha de pagar el coste del flete y un seguro de transporte con cobertura mínima. Si (C) desea mayor cobertura del seguro se pactará. the seller (exporter) delivers the goods to the carrier nominated by him but the seller (exporter) must in addition pay the cost of carriage necessary to bring the goods to the named destination. DAT Delivered at Terminal Entregado en terminal
(V) entrega la mercancía poniéndola a disposición de (C) una vez descargada en la terminal designada.
The seller delivered goods once unload at the indicated terminal. DAP Delivered at Place Entregado en lugar
(V) entrega la mercancía poniéndola a disposición de (C) en el medio de transporte de llegada preparada para la descarga en el lugar de destino designado.
The seller delivers goods boarding on carrier and prepared to deliver at the destination DDP Delivered duty paid Entregada derechos pagados
(V) entrega la mercancía poniéndola a disposición de (C) en el punto convenido sin descargar y debidamente despachada de importación habiendo pagado todos los costes.
The seller deliver goods at the destination of the last carrier EXCLUSIVO EN TRANSPORTE MARITIMO FAS Free alongside ship Franco al costado del buque
(V) entrega la mercancía a (C) o su transportista en el muelle al costado del buque. the seller (exporter) delivers when the goods are placed alongside the vessel at the named port of shipment FOB Free on board Franco a bordo
(V) entrega la mercancía a bordo del buque. the seller (exporter) delivers when the goods pass the ship's rail at the named port of shipment. CFR Cost and freight Coste y flete
(V) entrega la mercancía a bordo del buque. Además (V) ha de pagar el coste del flete. the seller (exporter) delivers when the goods pass the ship's rail in the port of shipment. The seller (exporter) must pay the costs and freight necessary to bring the goods to the named port of

2. *(V) VENDEDOR
*(C) COMPRADOR destination CIF Cost, insurance and freight Coste, seguro y flete
(V) entrega la mercancía a bordo del buque. Además (V) ha de pagar el coste del flete y un seguro de transporte con cobertura mínima. Si (C) desea mayor cobertura del seguro se pactará. the seller (exporter) delivers when the goods pass the ship's rail in the port of shipment. The seller (exporter) must pay the costs and freight necessary to bring the goods to the named port of destination