Final answer:
Incoterms used exclusively for shipment include FOB, CFR, CIF, and FAS, which define the responsibilities and risks of buyers and sellers in sea or inland waterway transport.
Step-by-step explanation:
The question 'Which incoterms are used for shipment (nothing else)?' refers to specific terms within the International Commerce field known as International Commercial Terms, or Incoterms. They are a set of internationally recognized rules that define the responsibilities of sellers and buyers for the delivery of goods in international trade.
Incoterms that are specifically related to shipment include:
- FOB (Free On Board): The seller must load the goods on board the ship chosen by the buyer, clear the goods for export, and the risk passes when the goods are on board the vessel.
- CFR (Cost and Freight): The seller must pay the costs and freight to bring the goods to the port of destination. However, the risk is transferred to the buyer once the goods are loaded on the ship.
- CIF (Cost, Insurance, and Freight): Similar to CFR, but with the addition that the seller must also provide insurance against the buyer's risk of loss or damage to the goods during transit.
- FAS (Free Alongside Ship): The seller must place the goods alongside the ship at the named port of shipment. The risk of loss or damage to the goods is transferred from the seller to the buyer at this point.
These Incoterms are used when the transportation involves sea or inland waterway transport and they are essential for the proper management of shipping responsibilities and risks.