INCOTERMS® 2020 RULES
A Short Summary of Key Changes, Advantages, and Disadvantages
CONTENTS
The Rules
EXW Ex Works
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
FOB Free on Board
CFR Cost and Freight
CIF Cost, Insurance & Freight
THE RULES
RULES FOR ANY MODE OR MODES OF TRANSPORT
EXW
EX-WORKS (insert named place of delivery)
FCA
RULES FOR SEA AND INLAND WATERWAY TRANSPORT
FAS
FREE ALONGSIDE SHIP (insert named port of loading)
FOB
FREE ON BOARD (insert named port of loading)
CFR
COST AND FREIGHT (insert named port of destination)
CIF
COST INSURANCE AND FREIGHT (insert named port of destination)
FREE CARRIER (insert named place of delivery)
CPT
CARRIAGE PAID TO (insert named place of destination)
CIP
CARRIAGE AND INSURANCE PAID TO (insert named place of destination)
DAP
DELIVERED AT PLACE (insert named place of destination)
DPU
DELIVERED AT PLACE UNLOADED (insert named place of destination)
DDP
DELIVERED DUTY PAID (insert named place of destination)
