What kind of incoterms are commonly used in China?

The Incoterms commonly used in China are as follows:

EXW or Ex Works

EXW is one of the incoterms used in China, which refers to the passing of title and risk to the buyer once the goods cross the seller’s door. The buyer has to also take care of transportation and insurance costs.

FCA or Free Carrier is one of the incoterms used in China, which refers to the passing of title and risk to the buyer once the goods are delivered by the seller to the carrier and they are cleared for export. The seller needs to load the goods to the vehicle of the buyer. The buyer needs to bear insurance costs and receive the goods.

FAS or Free Alongside Ship is one of the incoterms used in China which refers to the passing of title and risk pass to the buyer once the goods are delivered by the seller alongside the ship. The buyer has to bear transportation and insurance costs. The seller has to look after export clearance.

FOB or Free On Board is one of the incoterms used in China, which refers to the passing of title and risk pass to the buyer once the seller on board the ship delivers the goods. This is predominantly used for transportation by sea and inland waterways.

CFR or Cost and Freight is one of the incoterms used in China, which refers to the passing of title, risk and insurance cost to the buyer when the goods are delivered on board the ship by seller. The seller also pays the cost of transportation to the destination port. This is predominantly used for transportation by sea and inland waterways.

CIF or Cost, Insurance and Freight is one of the incoterms used in China, which refers to the passing of title and risk to the buyer when the goods are delivered on board the ship by seller. The seller also pays for the cost of transportation and insurance at destination port. This is predominantly used for transportation by sea and inland waterways.

CPT or Carriage Paid To is one of the incoterms used in China, which refers to the passing of title, risk and insurance to the buyer when the goods are delivered to the carrier or else the seller pays transportation and insurance cost to destination. This is used for any mode of transportation.

CIP or Carriage and Insurance Paid To is one of the incoterms used in China, which refers to the passing of title and risk to the buyer when the goods are delivered to carrier by the seller. The seller also pays for the cost of transportation and insurance to the destination. This is used for any mode of transportation.

The other incoterms used in China are DAF (Delivered to Frontier), DES (Delivered Ex Ship), DEQ (Delivered Ex Quay i.e. Duty Paid), DDU (Delivered Duty Unpaid) and DDP (Delivered Duty Paid).