Sales and Distribution (SD)

International commercial term

A codification of international rules for the interpretation of the commonly used terms in international trade.

An international commercial term (Incoterm) defines the terms of sale and the passing of risks for import and export of merchandise.

Incoterms include the following:

• EXW - Ex Works
• FCA - Free Carriage and Freight
• FAS - Free Alongside Ship
• FOB - Free On Board ship
• CFR - Cost and Freight
• CIF - Cost, Insurance, and Freight
• CPT - Carriage Paid To
• CIP - Carriage and Insurance Paid To
• DAF - Delivered At Frontier
• DES - Delivered Ex Ship
• DEQ - Delivered Ex Quay
• DDU - Delivered Duty Unpaid
• DDP - Delivered Duty Paid