Delivering the goods

The exporter must deliver the goods to the buyer in one of two ways:

- Physically, by delivering a legal document of title, such as a bill of lading;

- Symbolically, by delivering, for example, the key to where the goods are stored.

The contract between exporter and importers should specify where the delivery will take place. This is usually defined by using International Commerce terms, Incoterms. The most common are: Cost, Insurance and Freight (CIF), or Free on Board (FOB).