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INCOTERMS

Incoterms (2020)

 

International commerce terms. Rules established by ICC (International Chamber of Commerce) to define the responsibilities and risks related to shipper and buyer in an international shipment.

 

  1. General.

    1. EXW. Exworks.

    2. CPT. Carriage paid to.

    3. CIP. Carriage and insurance paid to.

    4. DAP. Delivered at place.

    5. DPU. Delivered at place unloaded.

    6. DDP. Delivered duty paid.

 

  1. Maritime.

    1. FAS. Free alongside ship.

    2. FOB. Free on board.

    3. CFR. Cost and freight.

    4. CIF. Cost insurance and freight.

 

https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/

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