Medium Voltage Application Guide

RESOURCES
6.4 Incoterms
International Commercial terms (Incoterms) are published by the International Chamber of Commerce, and define
the responsibilities, costs and risks associated with the transportation and delivery of goods.
Key Incoterms for AuCom supplied equipment are:
EXW
Ex Works
(named place of delivery)
CIP
Carriage and Insurance Paid to
(named place of destination)
CIF
Cost, Insurance and Freight
(named port of destination)
DDP
Delivered Duty Paid
(named place of destination)
Buyer arranges carriage from named place of delivery.
Buyer assumes risk when goods are made available.
Buyer assumes costs when goods are made available.
Seller arranges and pays for transportation and insurance to named port of
destination.
Buyer assumes risk when goods are received at the carrier.
Buyer assumes costs when goods reach the named destination.
Seller arranges and pays for transportation and insurance to named
destination.
Buyer assumes risk when goods are loaded on board the ship at the point
of departure.
Buyer assumes costs when goods reach the named port of destination.
Seller arranges carriage to the named place of destination, ready for
unloading.
Buyer assumes risks when goods are available for unloading at the named
place of destination.
Buyer assumes costs when goods are available for unloading at the named
place of destination.
Page 218 Medium Voltage Application Guide 710-12280-00A