Incoterms 2020
Starting with January 1st 2020 ICC published the new and revised INCOTERMS 2020. Incoterm DAT not applies any more and Incoterm DPU is new.
Incoterms are always defined by sellers perspective.
| Code |
Meaning |
named place |
| FOB |
Free On Board |
Port of Export (only applies for seafreight) |
| FCA |
Free CArrier |
Place of seller or carriers |
| FAS |
Free Alongside Ship |
Port of Export (only applies for seafreight) |
| EXW |
EX Works |
Premises of seller or any other defined place |
| DPU |
Delivered at Place Unloaded |
Defined place of delivery |
| DDP |
Delivered Duty Paid |
Defined place of delivery |
| DAP |
Delivered At Place |
Defined place of delivery |
| CPT |
Carriage Paid To |
Defined place of delivery |
| CIP |
Carriage Insurance Paid |
Defined place of delivery |
| CIF |
Cost Insurance Freight |
Defined import port (only applies for seafreight) |
| CFR |
Cost and FReight |
Defined import port (only applies for seafreight) |
Duties of seller according to incoterm 2020
|
Loading at origin |
Export customs declaration |
Carriage to port of export |
Unloading of truck in port of export |
Loading on vessel/airplane in port of export |
Carriage (sea/air) to port of import |
Unloading fees in port of import |
Loading on truck in port of import |
Carriage to place of destination |
Import customs clearance |
Import duties and taxes |
Insurance |
| EXW |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
| FCA |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
| FAS |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
| FOB |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
| CFR |
VSeller |
Seller |
VSeller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
| CIF |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
Buyer |
Buyer |
Seller |
| DAP |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
| DPU |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
| CPT |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Buyer |
Buyer |
| CIP |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
Seller |
Buyer |
Seller |
| DDP |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Seller |
Buyer |
