INCOTERMS 2020
SELLER
EXPORTER
FACILITY
CUSTOMS
CLEARANCE
(EXPORT)
PRE-CARRIAGE
DELIVERED AND
UNLOADED AT
PORT OF
LOADING
Rules
ALONGSIDE
VESSEL
ONBOARD
VESSEL PORT
OF LOADING
MAIN
TRANSPORT
ONBOARD
VESSEL POINT
OF DISCHARGE
UNLOADED
AT PORT OF
DISCHARGE
ON-CARRIAGE
CUSTOMS
CLEARANCE
(IMPORT)
BUYER /
IMPORTIER
FACILITY
CARRIAGE
RISK
COST
EXW
EX Work
CARRIAGE
RISK
COST
FCA
Free Carrier
Seller is only responsible for having the goods packed made available at the seller's premises. The buyer bears the full risk and cost from there to the destination, including the loading of the cargo.
Seller is responsible for delivery to the named place. Seller is responsible for loading. Risk and cost are transferred to the
buyer as soon as delivered at the named place, Unloading is the buyer responsibility.
CPT
Carriage Paid To
CARRIAGE
RISK
COST
Seller arranges the transportation and costs to the named place at destination. Risk is transferred to the buyer once delivered at first carrier
CIP
Carriage and Insurance Paid To
CARRIAGE
RISK
COST
Seller arranges the transportation, costs, and insurance on behalf of the buyer to the named place at destination. Risk is transferred to the buyer once
delivered at first carrier. Seller is required to obtain extensive Insurance cover complying with Institute Cargo Clauses(A) or similar clause in the buyer name.
DAP
Delivered At Place
Seller delivers the goods to the agreed place at destination. Seller assumes all cost and risk until the goods are ready for unloading at named place at destination
DPU
Delivered
at Place
Unload
CARRIAGE
RISK
COST
CARRIAGE
RISK
COST
Seller assumes all costs and risks until the goods are unloaded at the agreed named place at destination. Buyer is responsible for Import customs formalities.
DDP
Delivered
Duty Paid
CARRIAGE
RISK
COST
Seller delivers the goods to the agreed place at destination. Seller assumes all cost, including import formalities, and risk until the goods are ready for unloading at named place at destination.
FAS
Free Alongside Ship
CARRIAGE
RISK
COST
Seller is respnsible for delivery of the goods at the port alongside the Vessel. From this point onward, risk and cost transfers to the buyer.
FOB
Free On Board
Seller is responsible for delivery of the goods loaded on board the Vessel. Risk and cost are transferred as soon as the goods have been loaded onboard the Vessel.
CARRIAGE
RISK
COST
CFR
Cost and Freight
CARRIAGE
RISK
COST
Seller covers cost of freight to the named port of destination or place. Risk is transferred as soon as the goods have been loaded onboard the Vessel.
SEA & INLAND WATERWAY TRANSPORT
ANY MODE(S) OF TRANSPORT
CIF
Cost, Insurrance and Freight
Seller covers cost of insurance and freight to the named port of destination or place. Risk is transferred as soon as the goods have been loaded onboard the Vessel.
Seller is required to obtain min. Insurance cover complying with Institute Cargo Clauses (C) in the buyers name.
CARRIAGE
RISK
COST
Incoterms ® 2020 will no apply unless incorporated into the contract of sale by cleary specifying that the contract is governed by Incoterms ® 2020. incoterms are ICC's standard definitions of trade terms and are internationally recognized as indispensable evidenc of the buyer's and seller's responsibles for delivery under a sales contract. This is a basic guide, we recommed you refer to the Handbook created by the ICC. - International Chamber of Commece for more detailed information regarding incoterms 2020. http://www.iccwbo.org/products-and-services/trade-facilitation/incoterms-2020