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Incoterms 2020 Summary

Incoterm Mode of Transport Delivery Point Seller's Responsibilities Buyer's Responsibilities
EXW (Ex Works)AnySeller's premisesMinimum: makes goods availableAll transport, export/import duties
FCA (Free Carrier)AnyNamed place (usually buyer's carrier)Export cleared, delivered to carrierMain transport, import clearance
FAS (Free Alongside Ship)Sea/Waterway onlyAlongside ship at port of shipmentGoods delivered alongside shipLoading, ocean freight, import clearance
FOB (Free On Board)Sea/Waterway onlyOn board ship at port of shipmentExport cleared, loaded on boardOcean freight, import duties
CFR (Cost and Freight)Sea/Waterway onlyDestination portExport cleared, ocean freight paidUnloading, import clearance
CIF (Cost, Insurance and Freight)Sea/Waterway onlyDestination portSame as CFR + insuranceUnloading, import clearance
CPT (Carriage Paid To)AnyNamed place of destinationTransport to destination arrangedImport clearance, risk after delivery to carrier
CIP (Carriage and Insurance Paid To)AnyNamed place of destinationSame as CPT + insuranceImport clearance, risk after delivery to carrier
DAP (Delivered At Place)AnyNamed place in buyer’s countryAll transport to named placeUnloading, import clearance
DPU (Delivered at Place Unloaded)AnyNamed place in buyer’s countryAll transport + unloadingImport clearance
DDP (Delivered Duty Paid)AnyNamed place in buyer’s countryAll costs including import dutiesNone (maximum seller responsibility)