INCOTERMS ® 2020 RULES

RULES FOR RULES FOR

ANY MODE OR MODES OF TRANSPORT SEA AND INLAND WATERWAY TRANSPORT

EXW FCA CPT CIP DAP DPU DDP FAS FOB CFR CIF
EX works Free carrier Carriage paid to Carriage and Delivered at Delivered at Delivered duty Free alongside Free on board Cost and freight Cost, insurance,
insurance paid to place place unloaded paid ship and freight
BUYER CARRIAGE

BUYER COST

BUYER RISK

Origin Origin

Export Export
Clearance Clearance
BUYER CARRIAGE

BUYER COST

BUYER RISK

BUYER RISK
BUYER RISK

Pre- Pre-
Carriage Carriage/
Drayage

Delivered Delivered
and and
unloaded at unloaded
place/port/ at port of
terminal loading

BUYER CARRIAGE

BUYER COST

BUYER RISK
Main Alongside
Carriage vessel

BUYER CARRIAGE
Unloaded

BUYER COST
Onboard

BUYER RISK

BUYER RISK

BUYER RISK
at vessel
port/place/ point of
terminal loading
CARRIAGE

CARRIAGE

BUYER CARRIAGE

BUYER CARRIAGE

BUYER CARRIAGE
COST

COST

COST

BUYER COST

BUYER COST
On- Main
Carriage
Carriage
BUYER
BUYER

BUYER

BUYER

BUYER

BUYER CARRIAGE

BUYER COST

Onboard
BUYER RISK

Unloaded
at vessel
point of
Destination
discharge
BUYER RISK

Unloaded
Import at port of
Clearance discharge
CARRIAGE

COST

RISK

On-
Destination Carriage/
BUYER

BUYER

BUYER

Drayage

Unloaded
at
BUYER SELLER
Destination

Incoterms® 2020 will not apply unless incorporated into the contract of
Import
sale by clearly specifying that the contract is governed by Incoterms®
Clearance
2020. Incoterms® are ICCs standard definitions of trade terms and are
internationally recognized as indispensable evidence of the buyer’s
and seller’s responsibilities for delivery under a sales contract. This is a
basic guide, we recommend you refer to the handbook created by the
International Chamber of Commerce (ICC) for more detailed information
regarding Incoterms® 2020. https://iccwbo.org/resources-for-business/ Destination
incoterms-rules/incoterms-2020/ Incoterms® is a registered trademark of
the International Chamber of Commerce.
INCOTERMS ® 2020 RULES

DEFINITIONS

EXW Seller is only responsible for having the goods packed made available at the seller’s premises.
EX works The buyer bears the full risk and cost from there to the destination.

FCA Seller is responsible for delivery to the named place. Risk and cost are transferred to the
Free carrier buyer as soon as delivered to the carrier’s premises.

CPT
ANY MODE(S) OF TRANSPORT

Seller arranges the transportation and costs to the named place at destination. Risk is
Carriage
paid to
transferred to the buyer once delivered at first carrier.

CIP
Carriage Seller arranges the transportation, costs, and insurance on behalf of the buyer to the named
and place at destination. Risk is transferred to the buyer once delivered at first carrier.
insurance
paid to

DAP Seller is responsible for delivery to the named place at destination. Risk is transferred to the buyer
Delivered
at place once goods are ready for unloading from the arriving means of transport.

DPU
Delivered Seller is responsible for delivery to the named place at destination. Risk is transferred to the buyer
at place once goods are unloaded from the arriving means of transport.
unloaded

DDP Seller delivers the goods to the agreed place at destination. Seller assumes all cost, including
Delivered
duty paid import formalities, and risk until the goods are ready for unloading at named place at destination.
SEA AND INLAND WATERWAY TRANSPORT

FAS Seller is responsible for delivery of the goods at the port alongside the vessel. From this point
Free
alongside onward, risk and cost transfers to the buyer.
ship

FOB Seller is responsible for delivery of the goods loaded on board the vessel. Risk and cost are
Free on
board transferred as soon as the goods have been loaded onboard the vessel.

CFR Seller covers cost of freight to the named port of destination or place. Risk is transferred as soon as
Cost and
freight the goods have been loaded onboard the vessel.

CIF
Cost, Seller covers cost of insurance and freight to the named port of destination or place. Risk is
Insurance,
and freight
transferred as soon as the goods have been loaded onboard the vessel.

Incoterms® 2020 will not apply unless incorporated into the contract of sale by clearly specifying that the contract is governed by Incoterms® 2020. Incoterms® are ICCs standard definitions of trade terms and are internationally recognized
as indispensable evidence of the buyer’s and seller’s responsibilities for delivery under a sales contract. This is a basic guide, we recommend you refer to the handbook created by the International Chamber of Commerce (ICC) for more
detailed information regarding Incoterms® 2020. https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/ Incoterms® is a registered trademark of the International Chamber of Commerce.