INCOTERMS® 2020

OMNI-MODAL Incoterms
 Ex Works
EXW + (Named Place on Seller’s side)
A l’usine
Named Place is generally Seller’s Location (or where product is initially shipped from)

• Delivery – Seller delivers the goods when placed at buyer’s disposal in the named place of destination packed but
NOT LOADED on a collecting vehicle
• Seller’s Risks – Minimum obligation for the seller (once packed there is a loss of control over: transportation movement, where
package is finally received, how export or import documentation is presented to relevant governments)

• Buyer’ Risks – Buyer bears all costs and risks involved

• Carriage: Buyer’s responsibility to arrange for pre-carriage, main carriage, on-carriage
• Insurance: Neither party required to insure goods
• Export/Import Clearance: Buyer must handle all requirements/formalities, pay all associated duties and fees
 Free Carrier
FCA + (Named Place on Seller’s side)
Named Place is generally: Franco transporteur
• Seller’s Place of Business*
• Other location – at seller’s cost (i.e. an airport, a warehouse for consolidation, a hub, another location requested by the
Buyer and agreed by the Seller)

• Delivery - Seller delivers the goods LOADED on a collecting vehicle in the named place of
destination
• Risks: Transferred from the seller to the buyer in the point of delivery

• Carriage - Buyer responsible for pre-carriage (*if delivery in seller’s place), main carriage, on-carriage !
If requested or the buyer does not give instruction in due time, the seller may contract for carriage on usual terms at the
buyer’s risk and expense.
• Insurance: Neither party required to insure goods
• Export Clearance: Handled by the Seller
• Import Clearance: Handled by the Buyer – responsible for the customs formalities and any duties,
fees, other charges due upon importation
 Carriage Paid To
CPT + Named Place (on Buyer’s Side)
Port payé jusqu’à
Named Place is generally where goods arrive by a main mean of transport (but might be
agreed differently)
• Delivery: Seller delivers the goods to a carrier or another person nominated by the seller, in the
agreed place on the Seller's side, appropriately packed, LOADED
• Risks: Seller bears all risks until the goods are delivered to the first carrier on the Seller’s side
• Carriage: Seller pays costs of carriage to bring the goods to the named destination
• Insurance: Neither party required
• Export Clearance: Handled by the Seller
• Import clearance: Handled by the Buyer – responsible for the customs formalities and any duties,
fees, other charges due upon importation
Carriage and Insurance Paid To
CIP + Named Place (on Buyer’s Side)
Port payé, assurance comprise jusqu’à
Named Place is generally where goods arrive by a main mean of transport (but might
be agreed differently)
• Delivery: Seller delivers goods to a carrier or another person nominated by the seller, at an
agreed place on the Seller's side, appropriately packed, LOADED
• Risks: Seller bears all risks until the goods are delivered to the first carrier on the Seller’s side
• Carriage: Seller pays costs of carriage to bring the goods to the named destination
• Export Clearance: Handled by the Seller
• Import clearance: Handled by the Buyer – responsible for the customs formalities and any
duties, fees, other charges due upon importation

• Insurance: Seller required to procure ALL RISK coverage against Buyer’s risk of loss or damage
to the goods during carriage
 Delivered at Place
DAP + Named Place (Buyer’s Side)
Rendu au lieu de destination
Named Place is agreed by the seller and the buyer
• Delivery: Seller delivers the goods to the buyer in the named place on the Buyer’s side, appropriately packed,
NOT UNLOADED
• Risks: Transferred from the Seller to the Buyer once goods are delivered to the named place on buyer’s side
• Carriage: Seller handles all carriage to the named place on buyer’s side
• Export Clearance: Handled by the Seller

• Import Clearance: Handled by the Buyer – responsible for the customs formalities and any duties, fees, other
charges due upon importation

• Insurance: Neither party required to insure

 Delivered at Place Unloaded
DPU + Named Place (Buyer’s side)
Rendu au lieu de destination déchargé

Named Place is agreed by the seller and the buyer

• Delivery: Seller delivers goods to the buyer at the named place on the Buyer’s side,
appropriately packed, UNLOADED
• Risks: Transferred from Seller to Buyer once goods are delivered to the named place on
buyer’s side
• Carriage: Seller handles all carriage to the named place on buyer’s side
• Export Clearance: Handled by the Seller
• Import Clearance: Handled by the Buyer – responsible for the customs formalities and any
duties, fees, other charges due upon importation

• Insurance: Neither party required to insure

 Delivered Duty Paid

DDP+ Named Place (Buyer’s Side)

Rendu droits acquittés

Named Place is agreed by the seller and the buyer

• Delivery: Seller delivers goods to the Buyer, cleared for import, but NOT UNLOADED at the final
destination

• Risks: Transferred from the Seller to the Buyer once goods are delivered to the named place on the
Buyer’s side

• Carriage: Seller handles all carriage to the named place on Buyer’s side

• Export/Import Clearance: Handled by the Seller – responsible for the customs formalities and any
duties, fees, other charges due upon importation

• Insurance: Neither party required to insure

INCOTERMS® 2020
MARINE INCOTERMS
 Free Alongside Ship
FAS + Named Place
(port on Seller’s side)
Franco le long du navire

• Delivery: Seller delivers goods to the Buyer alongside the vessel chosen by the Buyer in the named port
of departure, packed appropriately
• Risks: Transferred from the Seller to the Buyer once goods are placed alongside the vessel on Seller’s side
• Carriage:
• Seller handles pre-carriage
• Buyer handles main carriage and on-carriage
• Export Clearance: Handled by the Seller
• Import Clearance: Handled by the Buyer – responsible for the customs formalities and any duties, fees,
other charges due upon importation
• Insurance: Neither party required to insure goods
 Free On Board
FOB + Named Place
(port on Seller’s side)
Franco à bord

• Delivery: Seller delivers goods to Buyer on board the vessel chosen by the Buyer in the named port of
departure, packed for shipment
• Risks: Transferred from the Seller to the Buyer once goods are placed on board the vessel on the Seller’s side
• Carriage:
• Seller handles pre-carriage
• Buyer handles main carriage and on-carriage
• Export Clearance: Handled by the Seller
• Import Clearance: Handled by the Buyer – responsible for the customs formalities and any duties, fees, other
charges due upon importation
• Insurance: Neither party required to insure goods
 Cost and Freight
CFR + Named Place (port on Buyer’s side)
Coût et fret

• Delivery: Seller delivers goods packed for shipment on board the Seller-designated vessel in the port on Seller’s
side

• Risks: Transferred from the Seller to the Buyer once goods are on board the vessel

• Carriage:

• Seller handles pre-carriage and main carriage

• Buyer handles on-carriage

• Export Clearance: Handled by the Seller

• Import clearance: Handled by the Buyer

• Insurance: Neither party required to insure goods

Cost Insurance Freight
CIF + Named Place (port on Buyer’s side)
Coût, assurance et fret

• Delivery: Seller delivers goods packed for shipment on board the Seller-designated vessel in the port on
Seller’s side
• Risks: Transferred from the Seller to the Buyer once goods are on board the vessel
• Carriage:
• Seller handles pre-carriage and main carriage
• Buyer handles on-carriage
• Export Clearance: Handled by Seller
• Import clearance: Buyer is responsible for the customs requirements and associated costs (fees, duties, etc.)
• Insurance: Seller required to procure MINIMUM coverage against Buyer’s risk of loss or damage to the
goods during carriage