INCOTERMS 2020 ®

This chart is intended as a guide only and should be read in conjunction with the International Chamber of Commerce's publication "Incoterms® 2020"
by Bob Ronai

ANY MODE OR MODES OF TRANSPORT (FCL/LCL/AIR) SEA & INLAND WATERWAY

TRANSPORT (BULK/BREAKBULK)
EXW FCA (A) FCA (B) CPT CIP DAP (A) DAP (B) DPU (A) DPU (B) DDP (A) DDP (B) FAS FOB CFR CIF
Ex Works Free Carrier Free Carrier Carriage Paid To Carriage, Insurance Delivered at Place Delivered at Place Delivered at Place Delivered at Place Delivered Duty Delivered Duty Free Alongside Free On Board Cost & Freight Cost, Insurance
(Place of Delivery) (Place of Delivery) (Place of Delivery) (Place of Destination) Paid To (Place of Destination) (Place of Destination) (Place of Destination) (Place of Destination) Paid Paid Ship (Port of Loading) (Port of Destination) & Freight
(Place of Destination) (Place of Destination) (Place of Destination) (Port of Loading) (Port of Destination)
TERMS Freight Collect Freight Collect Freight Collect Freight Prepaid Freight Prepaid Freight Prepaid Freight Prepaid Freight Prepaid Freight Prepaid Freight Prepaid Freight Prepaid Freight Collect Freight Collect Freight Prepaid Freight Prepaid

DELIVERY OCCURS AND RISK OF Upon notice of On Buyer's carrier's At delivery by Seller to At handing goods to At handing goods to At destination terminal At Buyer's premises At destination terminal At Buyer's premises At destination terminal At Buyer's premises On wharf or on barge At load port on board At load port on board At load port on board
LOSS OR DAMAGE TRANSFERS readiness from Seller vehicle at Seller's Buyer's carrier's Seller's carrier Seller's carrier (CY only) not unloaded not unloaded (CFS/airport only) unloaded (CY only) not not unloaded at load port vessel vessel vessel
FROM SELLER TO BUYER premises premises ready for unloaded unloaded
unloading (1)

OBLIGATIONS & CHARGES

EXPORT PACKAGING Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
EXPORT FORMALITIES
Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

LOADING OF CARRIER'S VEHICLE Buyer Seller N/A Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

DELIVERY TO ORIGIN TERMINAL

OR PORT Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

TERMINAL CHARGES AT ORIGIN

Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

LOADING ON MEANS OF
Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Buyer Seller Seller Seller
CARRIAGE

CARRIAGE CHARGES Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller

TERMINAL CHARGES AT Buyer Buyer Buyer Buyer Buyer Buyer Seller Buyer Seller Seller Seller Buyer Buyer Buyer Buyer
DESTINATION TERMINAL/PORT

IMPORT FORMALITIES Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Buyer Buyer Buyer Buyer

DELIVERY TO BUYER'S PREMISES Buyer Buyer Buyer Buyer Buyer Buyer Seller Buyer Seller Buyer Seller Buyer Buyer Buyer Buyer

UNLOADING AT CONTRACT Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seeller Buyer Buyer Buyer Buyer Buyer Buyer
DESTINATION (TERMINAL/PORT
OR BUYER'S PREMISES)

IMPORTANT NOTES Risk transfers to Buyer If FCL, Seller loads into Seller uses own or No defined point, will be Identical to CPT but Seller LCL and Airfreight are Suitable for FCL, LCL and Only suitable for LCL and Suitable for FCL, LCL and LCL and Airfreight are Suitable for FCL, LCL and Vessel must be present "On board" is when the On board is the same as Identical to CFR but Seller
even while goods are in the container at its own contracted vehicle to similar to either FCA (A) or takes out insurance at necessarily unloaded at Airfreight. However Airfreight as unloading is Airfreight. However necessarily unloaded at Airfreight. However for goods to be whole of the goods in for FOB. Contract of takes out insurance at
Seller's premises. Seller premises. If LCL or Air, deliver to Buyer's (B) as determined in the Institute Cargo Clauses (A) the terminal at Seller's destination inland freight, included in the contract of destination inland freight, the terminal at Seller's destination inland freight, delivered alongside. the shipment are placed carriage may include Institute Cargo Clauses (C)
does not load vehicle. Seller loads the goods nominated carrier's sales contract. to cover Buyer's risk. cost in the contract of terminal charges and any carriage. Not suitable for terminal charges and any cost, so not DDP. Seller terminal charges and any on / in the vessel and unloading at Seller's risk to cover Buyer's risk.
Buyer must be able to onto the carrier's warehouse / terminal, carriage, so not DAP. demurrage, detention, FCL as the goods usually demurrage, detention, must be able to carry out demurrage, detention, for example released / cost.
carry out all export vehicle. where unloading is at storage etc are for Seller's cannot be unloaded from storage are for Seller's cost all import formalities and storage are for Seller's from the hook or
formalities and pay VAT / Buyer's risk and cost. cost and risk. the container at the CY / and risk. Seller needs to pay VAT / GST. This rule cost and risk. Seller must finished discharging
GST. This rule should be Terminal. provide equipment and should be avoided. be able to carry out all from a spout / pipe /
avoided. labour to unload plus import formalities and pay conveyor etc.
comply with all formalities VAT / GST. This rule
and legalities at Buyer's ishould be avoided.
premises.