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Incoterms 2020

Incoterms 2020

All modes of transport
Seller
Carrier
Terminal
Customs
Port
Ship
Ship
Port
Customs
Terminal
Carrier
Buyer
EXW
FCA
CPT
CIP
DAP
DPU
DDP
Sea and inland waterway transport
Seller
Carrier
Terminal
Customs
Port
Ship
Ship
Port
Customs
Terminal
Carrier
Buyer
FAS
FOB
CFR
CIF

Risks
The possibility that an event may ocur which could cause loss of or damage to the goods is a “risk”. Buyers and/or sellers can protect themselves gainst risks by transport-insurance.

Costs
Covers all costs except costs of documents. Sales and purchase contracts should clearly state which costs on transfer of the goods are for account of buyer and/or seller.

Insurance
Transport insurance is the responsibility of the seller.

Remark: For detailed explanation reference is made to International Chamber of Commerce (ICC) publication INCOTERMS® 2020. This document is provided to our customers for informational purposes only. Please refer to the official text of the ICC for a full and detailed description of all rights and liabilities arising from the use of the aforementioned Incoterms (https://iccwbo.org)

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