Incoterms 2020.-
¿What are the INCOTERMS 2020?
Incoterms (International Commerce Terms) are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law, to establish common contractual sales practices.
These rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer.
Incoterms 2020 are the 10th version of the rules published, better adapted to the present and easier to use.
Incoterms (International Commerce Terms) are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) relating to international commercial law, to establish common contractual sales practices.
These rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the global or international transportation and delivery of goods. Incoterms inform sales contracts defining respective obligations, costs, and risks involved in the delivery of goods from the seller to the buyer.
Incoterms 2020 are the 10th version of the rules published, better adapted to the present and easier to use.
Graphic references
Transport | Risk | Insurance |
Graphic references
Transport | Risk | Insurance |
Rules for any mode of transport.-
Seller →
← Buyer
Seller →
← Buyer
EXW
FCA
CPT
CIP
DAP
DPU
DDP
Rules for sea and inland waterway transport.-
Seller →
← Buyer
Seller →
← Buyer
FAS
FOB
CFR
CIF
Definitions.-
EXW: Ex Works
FCA: Free Carrier
CPT: Carriage Paid To
CIP: Carriage and Insurance Paid to
FCA: Free Carrier
CPT: Carriage Paid To
CIP: Carriage and Insurance Paid to
DAP: Delivered At Place
DPU: Delivered At Place Unloaded
DDP: Delivered Duty Paid
FAS: Free Alongside Ship
DPU: Delivered At Place Unloaded
DDP: Delivered Duty Paid
FAS: Free Alongside Ship
FOB: Free on Board
CFR: Cost and Freight
CIF: Cost, Insurance & Freight
CFR: Cost and Freight
CIF: Cost, Insurance & Freight