There are quite a few International Commercial Terms pre-defined by the International Chamber of Commerce and used worldwide, and the terms we often come across are EXW, FOB, CFR and DAP.
- EXW – Ex Works (named place of delivery)
- FOB – Free on Board (named port of shipment)
- CFR – Cost and Freight (named port of destination)
- DAP – Delivered at Place (named place of destination)