Incoterms
Incoterms
International Commercial Terms (Incoterms® 2020) define the responsibilities of buyers and sellers for the delivery of goods, including transport, insurance, customs clearance and risk transfer.
MM Commodities can supply under a range of Incoterms depending on customer requirements.
Need Help Choosing?
Our team can advise on the most suitable Incoterm based on your destination, shipment size and preferred logistics solution. Whether you require EXW, FOB, CIF, DAP or DDP, we can tailor the supply chain to meet your requirements.
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The seller clears the goods for export and delivers them to the buyer’s nominated carrier. A popular option for international trade.
The seller delivers and loads the goods onto the vessel at the port of shipment. The buyer pays ocean freight and all costs thereafter. Used for sea freight only.
The seller pays transport costs to the destination port, but risk transfers once the goods are loaded onto the vessel. Sea freight only.
Similar to CFR, but the seller also provides cargo insurance up to the destination port. Sea freight only.
The seller arranges transportation to the agreed destination. The buyer is responsible for import duties, taxes and customs clearance.