Common Codes Setup

Introduction

The common codes are application level codes that are used in the e-Banking application. This section provides the common codes specific to Trade Finance namely INCOTERMS used at the time of transaction initiation by the corporate user.

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For Example:

Country codes, Currency codes, and so on.

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Components of common codes

The following code types are used in the Trade Finance module. A table of common codes is also provided for each type of code:

 

Common Code

Code Description

CFR

Cost and Freight

CIF

Cost, Insurance and Freight

CIP

Carriage and Insurance Paid

CPT

Carriage Paid To

DAF

Delivered At Frontier

DDP

Delivered Duty Paid

DDU

Delivered Duty Unpaid

DEQ

Delivered Ex Quay

DES

Delivered Ex Ship

EXW

Ex Works

FAS

Free Alongside Ship

FCA

Free Carrier

FOB

Free on board