In this the last week of our series designed to help you understand the Incoterms rules, we look at:

• why EXW (“ex-works”) sometimes isn’t appropriate for imports, and
• the four terms that are designed for port-to-port shipments only, and which therefore aren’t suitable for containerised cargo – FAS, FOB, CFR and CIP.

We hope you’ve found our web page and the animations useful and informative. Here’s a quick recap of what we’ve looked at:

• the origins of the Incoterms rules and their relevance to importers’ and exporters’ insurance needs,
• FCA, under which the buyer is responsible for arranging the main carriage,
• CPT, where the seller arranges the main carriage,
• CIP, where the seller also arranges cargo insurance for the benefit of the buyer, and
• the D-terms, under which the seller retains the risk of loss or damage throughout the transit.

Keep an eye out for further content about the Incoterms rules in the future.