FOB: Free on Board, its Chinese meaning is "free on board at the port of shipment (....designated port of shipment)". Using this term, the seller shall be responsible for handling export customs clearance procedures, delivering the goods to the ship designated by the buyer at the port of shipment stipulated in the contract and within the specified period, assuming all risks before the goods cross the ship's rail at the port of shipment, and notifying the buyer in a timely manner.
CFR: The English abbreviation of "Cost and Freight", its Chinese meaning is "Cost and Freight". Using this term, the seller is responsible for chartering the ship, booking space and paying the freight to the port of destination according to the usual conditions. The port of shipment and the port of shipment specified in the contract are Shipping deadlines are to load the goods on the ship and notify the buyer promptly.
CIF: The English abbreviation of "Cost Insurance and Freight", its Chinese meaning is "cost plus insurance and freight"|. Using this term, the seller is responsible for chartering a ship and booking space under normal conditions and paying the freight to the port of destination, loading the goods on the ship within the port of shipment and shipping period specified in the contract, and is responsible for handling cargo transportation insurance and paying the insurance premium.
FCA: The English abbreviation of "Free Carrier", its Chinese meaning is "Freight Delivery Carrier". Using this term, the seller is responsible for handling the export customs clearance procedures for the goods, delivering the goods to the carrier designated by the buyer at the time and place agreed in the contract, and notifying the buyer in a timely manner.
CPT: The English abbreviation of "Carriage Paid to", its Chinese meaning is "freight paid to the designated destination". Using this term, the seller shall enter into a transportation contract at its own expense and pay the freight for transporting the goods to the destination. After completing the export customs clearance procedures for the goods, hand over the goods to the carrier at the agreed time and designated shipping location, and notify the buyer in a timely manner.
CIP: The English abbreviation of "Carriage and Insurance Paid to", the Chinese meaning is "freight and insurance paid to the designated destination". Using this term, the seller shall enter into a contract of carriage at its own expense and pay the freight for transporting the goods to the destination, and shall be responsible for handling insurance procedures and paying insurance premiums. After completing the customs clearance procedures for exporting the goods, the goods are handed over to the care of the carrier at the designated shipping location to fulfill its delivery obligations.
EXW: The English abbreviation of "EX Works", its Chinese meaning is "delivery at the factory (specified place)". Using this term, the seller is responsible for placing the goods at the buyer's disposal at its location (factory, workshop, warehouse, etc.) The delivery obligation is fulfilled.
FAS: The English abbreviation of "Free Alongside Ship", the Chinese meaning is "Free Alongside Ship (designated port of shipment)". Using this term, the seller is responsible for completing delivery by placing the goods on a dock or barge close to the ship at the port of shipment.
DAT: That is "Delivered At Terminal (insert named terminal at part or place of destination)" and its Chinese meaning is "delivery at the transportation terminal". Using this term, the seller transports the goods to the port specified in the contract or within the date or period agreed in the contract. Delivery is completed when the goods are unloaded from the arriving freight transport terminal at the destination and placed at the buyer's disposal.
