Incoterms are a set of uniform rules codifying he interpretation of trade terms defining the rights and obligations of both buyer and seller in an international transaction. The terms recognised by Incoterms 1990 are: EXW - ex works (named place); FCA - Free Carrier (named place); FAS - Free alongside Ship (named port of shipment); FOB - Free on Board (named port of shipment); CFR - Cost & Freight (named port of destination); CIF - Cost, Insurance and Freight (named port of destination); CPT - Carriage Paid To (named point of destination); CIP - Carriage & Insurance Paid To (named point of destination); DAF - Delivered at Frontier (named point); DES - Delivered ex Ship (named port of destination); DEQ - Delivered ex Quay (duty paid) (named port of destination); DDU - Delivered Duty Unpaid (named point); DDP - Delivered Duty Paid (named point). Now these are called INCOTERMS 2000. Recently ICC changed the basic aspects of the definitions of a number of INCOTERMS buyers &sellers should be aware of this like FAS / DEQ.