FOB (Free on Board): free on board

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FAS (Free AlongSide ship): free along the ship
The seller must deliver the goods alongside the ship, assuming the inherent costs. Delivery is made at the port of embarkation chosen with the buyer. It is the seller who clears the goods for export. It is at this point that the risks and costs are transferred to the buyer who assumes them until the final destination.


The definition of the ios database Incoterm FOB is quite simple. The seller delivers the goods on board the ship and bears the inherent costs. It is transported to the port of embarkation decided between the buyer and the seller. It is the latter who takes charge of customs clearance for export.

CFR (Cost and Freight): cost and freight
Here is the definition of the Incoterm CFR: the seller manages the transport and the costs up to the port of destination. It is he who manages the export formalities and pays the duties and taxes concerned. As for the buyer, he takes charge of the costs upon arrival of the goods at the port of destination. He settles the import formalities and pays the duties and taxes concerned. The insurance of the maritime transport is provided by the buyer. The latter assumes the risks as soon as the goods are delivered on the ship of the port of embarkation.

CIF (Cost, Insurance, Freight): cost, insurance and freight
The CIF has the same principle as the CFR, but marine insurance against the risk of loss or damage to the goods is the responsibility of the seller.

Incoterms actively participate in defining and clarifying the relationships between buyer and seller during the transport of goods. Defined prior to a call for tenders, they must correspond to the needs of buyers in terms of transport management, insurance, customs formalities, duties and taxes, customs clearance obligations and transfer of risks.