Helps
Rules
Incoterms2020
Incoterms, or International Commercial Terms, are a series of predefined commercial terms published by the International Chamber of Commerce (ICC) and widely used in international trade. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are primarily intended to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods. The Incoterms rules are accepted by governments, legal authorities, and professionals around the world to interpret the most commonly used terms in international trade. They are intended to reduce or eliminate the uncertainties arising from the different interpretation of the rules in different countries. As such, they are regularly incorporated into sales contracts worldwide.
RULES FOR ANY MODE OR MODES OF TRANSPORT
EXW Ex Works (Insert named place of loading)
FCA Free Carrier (Insert named place of loading)
CPT Carriage Paid To (Insert named place of destination)
CIP Carriage and Insurance Paid To (Insert named place of destination)
DAP Delivered at Place (Insert named place of destination)
DPU Delivered at Place Unload (Insert named place of destination)
DDP Delivered Duty Paid (Insert named place of destination)
RULES FOR SEA AND INLAND WATERWAY TRANSPORT
FAS Free Alongside Ship (Insert named port of loading)
FOB Free on Board (Insert named port of loading)
CFR Cost and Freight (Insert named port of destination)
CIF Cost, Insurance and Freight (Insert named port of destination)
