Free Incoterms® 2020 introduction

How best to choose the right Incoterms® rule for the particular sale contract; and sets out the central changes between Incoterms® 2010 and Incoterms® 2020?

This introduction explains what the Incoterms® 2020 rules do and do NOT do and how they are best incorporated.

It sets out the important fundamentals of the Incoterms® rules: the basic roles and responsibilities of seller and buyer, delivery, risk, and the relationship between the Incoterms® rules and the contracts surrounding a typical contract of sale for export/import and also, where appropriate, for domestic sales.

The text explains how best to choose the right Incoterms® rule for the particular sale contract; and sets out the central changes between Incoterms® 2010 and Incoterms® 2020.

RULES FOR ANY MODE OR MODES OF TRANSPORT

  • 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

RULES FOR SEA AND INLAND WATERWAY TRANSPORT

  • FAS | Free Alongside Ship
  • FOB | Free On Board
  • CFR | Cost and Freight
  • CIF | Cost Insurance and Freight

 

This document is not intended to be used alone, and should always be used in conjunction with the Incoterms® 2020 rule book.
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