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Incoterms 2020 Chart 2023

This document is an Incoterms 2020 reference chart that outlines the responsibilities of buyers and sellers for costs associated with international transport under different trade terms. It shows that trade terms like EXW (Ex Works) and FCA (Free Carrier) place more costs and responsibilities on the buyer, while CIF (Cost, Insurance, and Freight) and DDP (Delivered Duty Paid) entail more obligations for the seller. The chart provides a basic overview of how each Incoterm divides costs and responsibilities between parties for packaging, loading, transport, insurance, import/export clearance, and unloading. It directs the user to a fuller guide for more detailed explanations of each term.

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2K views1 page

Incoterms 2020 Chart 2023

This document is an Incoterms 2020 reference chart that outlines the responsibilities of buyers and sellers for costs associated with international transport under different trade terms. It shows that trade terms like EXW (Ex Works) and FCA (Free Carrier) place more costs and responsibilities on the buyer, while CIF (Cost, Insurance, and Freight) and DDP (Delivered Duty Paid) entail more obligations for the seller. The chart provides a basic overview of how each Incoterm divides costs and responsibilities between parties for packaging, loading, transport, insurance, import/export clearance, and unloading. It directs the user to a fuller guide for more detailed explanations of each term.

Uploaded by

dc-183159
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 REFERENCE CHART www.globalnegotiator.

com
Cost sharing between Seller and Buyer
Transport
ACRONYM Packaging Loading Customs Terminal Terminal Customs Transport to Unloading
In origin Main Transport
Mode of INCOTERM and Seller’s
(pre-
Clearence Charges
Transport Insurance
Charges Clearence Destination Buyer’s
Transport Checking Premises Export Origin Destination Import On-Carriage Premises
carriage)

EXW Ex Works Seller Buyer Buyer Buyer Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
Any mode
FCA Free Carrier Seller Seller Seller Seller Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
Any mode
FAS Free Alongside
Seller Seller Seller Seller Buyer Buyer Buyer * Buyer Buyer Buyer Buyer
Only sea Ship

FOB Free On Board Seller Seller Seller Seller Seller Buyer Buyer * Buyer Buyer Buyer Buyer
Only sea

CPT Carriage Paid To Seller Seller Seller Seller Seller Seller Buyer * Buyer Buyer Buyer Buyer
Any mode

CFR Cost and Freight Seller Seller Seller Seller Seller Seller Buyer * Buyer Buyer Buyer Buyer
Only sea
Carriage
CIP Insurance and Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer
Any mode Paid to

CIF Cost, Insurance


Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer
Only sea and Freight

DAP Delivered at
Seller Seller Seller Seller Seller Seller Seller ** Seller Buyer Seller Buyer
Any mode Place

DPU Delivered at
Seller Seller Seller Seller Seller Seller Seller ** Seller Buyer Buyer Seller
Any mode Place Unloaded

DDP Delivered Duty


Seller Seller Seller Seller Seller Seller Seller ** Seller Seller Seller Buyer
Any mode Paid

*No obligation to obtain an insurance contract, though the risks are bear by the Buyer / ** No obligation to obtain an insurance contract, though the risks are bear by the Seller
This chart is designed to provide a basic level of understanding of Incoterms 2020.
For a fuller explanation of each Incoterm, click here and download the Practical Guide to the Incoterm s 2020.

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