RULES FOR ANY MODE OR MODES OF TRANSPORT > fs]. fs.) EXW ExWorks (insert named place o detivery 1amed place ot dalvery) Incoterms 2020 we > Pt CPT carrage Paid To (insert named place of destination) Incoterms 2020 cIP Carriage and insurance Pald To (insert named place of destination) Incoterms 2020 DAP Delivered at Place (insert named place of destination) DPU (insert named place of destination} Ineoterme® 2020 DD sty iamed place of destination BRS PPP a PlaRULES FOR SEA AND INLAND WATERWAY TRANSPORT sewer euver FAS Free Alongside ship (inser named port shiement terms 2020, FOB Freeon Board {insert named port of shipment) CFR Cost and Fralgnt (insert named port dest Incoterms 2020 CIF Cost Insurance and Freight (insert named port of dest terms® 2020 ‘TRANSPORT OBLIGATIONS, COSTS AND RISKS RED indicates seller's ‘YeLLow ingleates buyer's GREW indicates mixed or shared ‘THERE ARE TWO KEY CHANGES IN INCOTERMS" 2020 COMPARED TO THE 2010 EDITION: = DAT (Belivered at Terminal) is renamed Delivered at Place Unloaded (PU) = FCA(Free Carrier) now allows fr Bills of Laing tobe issued after Leading OTHER CHANGES INCLUDE: "© CIF (Cost, Insurance and Freight) and CIP (Carriage and insurance Pald To) set out new standard insurance arrangements, butte level of insurance continues to be negotiable between buyer and seller. 1 Where listed, cost allocation between buyer and sellers stated more precisely one article list all costs the seller and the buyerare responsible for = FCA(Free Carrier), DAP (Delivered at Place), DPU (Delivered at Place Unloaded) and DDP (Delivered Duty Paic) now take account of buyer and seller arranging thet own transport rather than using a third party Securty-related obligations are now more prominent “Explanatory Notes for Users" for each Incoterm’ have replaced the 2010 edition’s Guidance Notes, and are designed to be easier for users = CIP now requires as default insurance coverage ICC A or equivalent, twas ICC C under Incoterms* 2010, Require insurance coverage under CIF remains.