INCOTERMS 2020

Seller Customs Loading Carrier Cargo terminal Port Transport Port Cargo terminal Carrier Customs Unloading Buyer

EXW Ex works

FCA Free Carrier

Free alongside
FAS ship

FOB Free on board

CFR Cost on freight

Cost, insurance &

CIF freight
In seller’s option Obligation

CPT Carriage paid to

Carriage &
CIP Insurance paid to
In seller’s option Obligation

Delivered
DPU unloaded
*New term

DAP Delivered at place

Delivered duty
DDP paid

RISK COST INSURANCE SEAFREIGHT NEW TERM

MAKING THE WORLD A LITTLE LESS COMPLICATED