Incoterms 2020 at a glance
Who does what under each trade term. Choose the term before you quote.
| Incoterm | Mode | Risk passes | Export clearance | Main carriage | Cargo insurance | Import clearance and duties |
|---|---|---|---|---|---|---|
| EXW | Any mode | At the seller's premises | Buyer | Buyer | Not required | Buyer |
| FCA | Any mode | When handed to the carrier | Seller | Buyer | Not required | Buyer |
| FAS | Sea and inland waterway only | Alongside the ship | Seller | Buyer | Not required | Buyer |
| FOB | Sea and inland waterway only | On board the ship | Seller | Buyer | Not required | Buyer |
| CFR | Sea and inland waterway only | On board the ship | Seller | Seller | Not required | Buyer |
| CIF | Sea and inland waterway only | On board the ship | Seller | Seller | Seller (basic cover) | Buyer |
| CPT | Any mode | When handed to the carrier | Seller | Seller | Not required | Buyer |
| CIP | Any mode | When handed to the carrier | Seller | Seller | Seller (full cover) | Buyer |
| DAP | Any mode | At the named destination | Seller | Seller | Not required | Buyer |
| DPU | Any mode | At the named destination | Seller | Seller | Not required | Buyer |
| DDP | Any mode | At the named destination | Seller | Seller | Not required | Seller |