Incoterms® 2020 · Rules

All Incoterms® 2020 rules

The 11 rules of the 2020 edition in the usual order: from EXW, where the buyer takes on almost everything, to DDP, where the seller does. Open a rule for its cost table, risk diagram and notes.

• EXW Ex Works

  Any mode of transport · Risk passes at the seller's premises

• FCA Free Carrier

  Any mode of transport · Risk passes when handed to the first carrier

• CPT Carriage Paid To

  Any mode of transport · Risk passes when handed to the first carrier

• CIP Carriage and Insurance Paid To

  Any mode of transport · Risk passes when handed to the first carrier

• DAP Delivered at Place

  Any mode of transport · Risk passes at the destination, before unloading

• DPU Delivered at Place Unloaded

  Any mode of transport · Risk passes at the destination, after unloading

• DDP Delivered Duty Paid

  Any mode of transport · Risk passes at the destination, before unloading

• FAS Free Alongside Ship

  Sea and inland waterway only · Risk passes alongside the ship at the port of shipment

• FOB Free On Board

  Sea and inland waterway only · Risk passes on board the ship at the port of shipment

• CFR Cost and Freight

  Sea and inland waterway only · Risk passes on board the ship at the port of shipment

• CIF Cost, Insurance and Freight

  Sea and inland waterway only · Risk passes on board the ship at the port of shipment