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General Logistic

Incoterms 2020

ICC Incoterms 2020 rules allocate obligations, costs and risks between seller and buyer.

EXW

Goods are made available at the seller’s premises.

FCA

Goods are handed to the carrier at the agreed place.

CPT

Seller pays carriage; risk passes on handover to the carrier.

CIP

Like CPT, with insurance arranged by the seller.

DAP

Delivery at destination, ready for unloading.

DPU

Delivery at destination after unloading.

DDP

Seller handles import clearance and pays import duties.

FAS

Delivery alongside the ship at the agreed port.

FOB

Risk passes when goods are on board the vessel.

CFR

Seller pays freight; risk passes on loading aboard.

CIF

Like CFR, with insurance arranged by the seller.