• Cargo
  1. Cargo Insurance
  2. Info Required for Cargo Quotation
  3. Cargo Enquiry Form
  4. Policy Summaries
  5. Policy Wordings & Documentation
  6. ICC (A) - All Links
  7. Cover List (B) and (C)
  8. Exclusion List
  9. Transportation Hazards
  10. Vessels & Containers
  11. Cargoes - Packing and Packaging Table
• Freight Liability
  1. Freight Liability Insurance
  2. Information Required for underwriters
  3. Policy Wordings & Documentation
  4. Freight Liability Factfinder
  5. Hauliers Enquiry Form
  6. Condtions of Carriage
  7. Definition of Theft Attractive Goods
  8. Geographical Limits
• Commercial Hull & Liabilities
  1. Types of Risk
  2. Commercial Hull & Liability Risks
  3. Proposal Forms
• War
  1. War Risks Cover
  2. Comparison with A Clauses
  3. War Risks - Duration of Cover
• Claims
  1. Cargo Claims Process
  2. Freight Liability Claims Process
  3. Major Causes of Damage
• Loss Prevention
  1. Loss Prevention
  2. Cargoes Requiring Special Concideration
• Useful Information
  1. Terms of Sale - Incoterms 2000
  2. Glossary of Transport Terms
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
  3. Mini Glossary of Cargo Terms
  4. Definition of Terms
  5. Frequently Asked Questions
  6. Certificate and Registration Online
  7. Restrictive Legislation
     1. A-F
     2. G-L
     3. M-R
     4. S-Z
• Topical Information
  1. Your Freight
  2. Cargo Relaunch with Cargo - Explained For You
  3. War in Iraq
  4. Stowaways
  5. September 11th
  6. Euros
  7. Piracy
  8. NUI's Position on Marine Cargo Policies
• About NUI Marine
  1. Why Choose NUI Cargo
  2. Centre Addresses
  3. Useful Links
  4. Cookie Policy

Home > Useful Information

Terms of sale - Incoterms 2000

Term	Meaning	Sellers responsibilities	Buyers responsibilities
EXW	Ex Works	Ensure goods are available to the buyer at the seller's works or warehouse. Sold at invoice cost. No cargo insurance required.	Pays the invoice price and must arrange carriage and insurance from works/warehouse to final destination.
FOB	Free on Board	Seller must deliver the goods on board the vessel free of risk and expense to the buyer. Must provide a clean on board receipt from the carrier and pass to buyer. Pay loading charges not included in the freight Arrange export clearance	Assumes risk and expense from ship's rail onwards. Needs to insure goods from this point until final delivery.
CFR	Cost and Freight	As FOB but must Contract for carriage and freight costs to final destination. Provide a clean bill of Lading or Sea Waybill Pay for unloading costs if for his account under the Contract of Carriage	As FOB except buyer does not pay for carriage and freight costs. Directly but reimburses the seller who includes these in the commercial invoice. Needs to insure goods from FOB until final delivery.
CIF	Cost, Insurance and Freight	As CFR but must contract for Cargo Insurance Arrange insurance from works/warehouse of seller to final delivery and Provide the buyer with a Certificate or Policy of Insurance	Once documents have been accepted and thus title to the goods. The Buyer accepts the risk from the time the goods are loaded on board vessel. The buyer can claim against the Insurance document which has been assigned to him for losses occurring after the FOB point until final delivery.

Cargo Insurance - Seller

EXW - No insurance needs to be arranged by the seller but Sellers Interest Contingency Risks Insurance is recommended.
FOB - Insurance is required from works/warehouse until on board vessel. SICR Insurance is recommended.
CFR - As FOB above
CIF - Arrange insurance from works/warehouse to final destination.
CargO - Online Certificate Issuing facility for Your Marine Open Covers
A service from Norwich Union to enable you to generate Marine certificates online.

Other terms that may be used are:-

FCA	Free Carrier	DES	Delivered ex-Ship
FAS	Free Alongside Ship	DEQ	Delivered ex-Quay
CPT	Carriage Paid to	DDU	Delivered Duty Unpaid
CIP	Carriage and Insurance Paid to	DDP	Delivered Duty Paid
DAF	Delivered at Frontier

Online Instructions for use

Please see our cargo worksheet for help on certificate and registration generation online.

If you wish to have a fuller explanation of these terms please contact your Norwich Union Marine Centre.

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