Wine Vision Global Exporting

Incoterms

What are incoterms?
Incoterms were developed as a language to negotiate the terms of sale using a few letters. It is important to understand what costs are to be covered by the buyer or the seller. Most wine shipments tend to be ex-cellar or works, but sometimes FOB (free on board) which indicates the winery is responsible for getting the goods to the dock and loaded onto the ship.

INCOTERMS 1990 – GENERAL

Groups EDI Code and Named Place Mode of Transport

Group E
Departure *EXW Ex Works (named place) Any mode

Group “F”
Main Carriage FCA Free Carrier Any mode

*FAS Free Alongside Ship Ocean only

FOB Free on Board Ocean only

Group “C”
Main Carriage CFR Cost and Freight Ocean only

Paid CIF Cost, Ins. And Freight Ocean only

CIP Carriage & Ins. Paid to Any mode

Group “D”
Arrival DAF Delivered At Frontier Any mode

DES Delivered Ex Ship Ocean only

DEQ Delivered Ex Quay Ocean only

DDU Delivered Duty Unpaid Any mode

DDP Delivered Duty Paid Any mode

Buyer must obtain export license authorization. If the Buyer cannot, FCA should be used.

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