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INCOTERMS 2020

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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.

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

SEA & INLAND WATERWAY TRANSPORT

ANY MODE(S) OF TRANSPORT

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