Incoterms are international rules which specify:

 

• The cost of transportation paid by vendor

• Where the risk of the lost is transmitted from vendor to buyer

• Who assume the customs formalities

• Who pays the customs duties

• Who must make insurance coverage

 

There are 13 Incoterms distributed in four categories:

 

• E (EXW): The seller puts at your disposal mercaderas n the buyer at the seller's own premises.

• F (FCA, FAS, FOB): Mercaderas seller delivers to a carrier appointed by the buyer.

• C (CFR, CIF, CPT, CIP): The seller contracts for carriage but without assuming risk of loss or damaged Page or the mercaderas or additional costs due to events after of the loading and dispatch.

• D (DAT DAP, DDP): The seller bears all costs and risks to the destination.