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Incoterms 2020

This document provides a quick reference guide to Incoterms 2020, which define common commercial terms used in international trade. It includes: 1) A table grouping the 11 Incoterms into freight collect and freight prepaid terms, and showing which modes of transport each applies to. 2) A chart listing the key obligations and charges for buyers and sellers under each Incoterm. 3) A note that the information is general guidance and the full ICC publication should be referred to for complete descriptions.

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117 views2 pages

Incoterms 2020

This document provides a quick reference guide to Incoterms 2020, which define common commercial terms used in international trade. It includes: 1) A table grouping the 11 Incoterms into freight collect and freight prepaid terms, and showing which modes of transport each applies to. 2) A chart listing the key obligations and charges for buyers and sellers under each Incoterm. 3) A note that the information is general guidance and the full ICC publication should be referred to for complete descriptions.

Uploaded by

BASKARAN
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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INCOTERMS 2020

QUICK REFERNCE
GUIDE
INCOTERMS 2020 QUICK REFERNCE GUIDE

Groups Freight collect Terms Freight Prepaid Terms

Any Mode or Modes of


Sea and Inland Waterway Transport Any Mode or Modes of Transport
Transport

EXW FCA FAS FOB CFR CIF CPT CIP DAP DPU DDP

Cost Carriage & Delivered at


Incoterm Free Free Free On Cost and Carriage Delivered Delivered
EX Works Insurance Insurance Place
Carrier Alongside Board Freight Paid To at Place Duty Paid
(Place) & Freight Paid To Unloaded
(Place) Ship (Port) (Port) (Port) (Place) (Place) (Place)
(Port) (Place) (Place)
At Named
At Buyer’s At Buyer’s Alongside On Board On Board On Board At Named At Named
Transfer of Risk At Carrier At Carrier Place
Disposal Transport Ship Vessel Vessel Vessel Place Place
Unloaded
Obligations& Charges
Export Packaging Seller
Loading Charges Buyer Seller

Delivery to Port/Place Buyer Seller


Export Duty, Taxes & Customs
Buyer Seller
clearance
Origin Terminal Charges Buyer Seller

Loading on Carriage Buyer Seller

Carriage Charges Buyer Seller

Insurance Negotiable Seller Negotiable Seller Negotiable

Destination Terminal Charges Buyer Seller

Delivery to Destination Buyer Seller

Unloading at Destination Buyer Seller Buyer


Import Duty, Taxes & Customs
Buyer Seller
Clearance
Notes: This is general information for guidance purposes only. For a full complete description, refer to the full version of Incoterms 2020 by the International Chamber of
Commerce at the ICC Website.

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