Incoterms 2020

The seller makes the goods available at their premises. The buyer bears all costs and risks from that point forward, including export clearance and transport.

The seller delivers the goods, cleared for export, to the carrier nominated by the buyer at a named place. Risk transfers when goods are handed to the carrier.

The seller pays for transport to the named destination but risk transfers when goods are handed to the first carrier.

Same as CPT but the seller must also obtain insurance against the buyer's risk of loss or damage during transport.

The seller delivers when goods are placed at the buyer's disposal on the arriving means of transport, ready for unloading at the named destination.

The seller delivers and unloads the goods at the named destination. The only Incoterm requiring the seller to unload at destination.

Maximum obligation for the seller. The seller delivers goods cleared for import, with all duties and taxes paid, at the named destination.

The seller delivers when goods are placed alongside the vessel at the named port of shipment. Sea and inland waterway transport only.

The seller delivers the goods on board the vessel at the named port. Risk transfers when goods are on board. Sea and inland waterway only.

The seller delivers goods on board the vessel and pays freight to the named port of destination. Risk transfers when goods are on board.

Same as CFR but the seller must also obtain insurance. The most commonly used Incoterm for sea freight.