Delivery Terms
– Incoterms -
2020
Incoterm
Mode of Transport
Who Pays for Transport
Who Pays for Insurance
Transfer of Risk (Buyer/Seller)
Description
EXW
FCA
FAS
FOB
CPT
CFR
CIP
CIF
DAP
DPU
DDP
All modes
All modes
Sea and inland waterway only
Sea and inland waterway only
All modes
Sea and inland waterway only
Sea and inland waterway only
All modes
All modes
All modes
Buyer – from seller’s premises
Seller to the carrier
Seller – alongside the ship
Seller – on board the ship
Seller to the place of destination
Seller – to port of destination
Seller to the place of destination
Seller – to port of destination
Seller – to agreed place
Seller – to agreed place + unloading
Seller – to agreed place + unloading + import duties
Buyer
Buyer (unless otherwise agreed)
Buyer
Buyer
Buyer
Buyer
Seller
Seller
Buyer
Buyer
Seller
At seller’s premises
When goods are handed over to the carrier
When goods are placed alongside the ship
When goods are on board the ship
When goods are handed over to the carrier
When goods are on board the ship (port of shipment)
When goods are handed over to the carrier
When goods are on board the ship (port of shipment)
When goods arrive at the agreed place
When goods are unloaded at the agreed place
When goods arrive at the agreed place
“Ex Works”
the buyer assumes all responsibility from the moment the goods are collected
“Free Carrier”
the seller delivers the goods to the agreed carrier
“Free Alongside Ship”
seller is responsible until goods are placed next to the ship
“Free On Board”
risk transfers once goods are on the ship
“Carriage Paid To”
seller pays transport to destination, risk transfers earlier
“Cost and Freight”
seller pays transport to destination, risk transfers earlier
“Carriage and Insurance Paid To”
same as CPT, but seller also pays insurance
“Cost, Insurance and Freight”
same as CFR, but seller also pays insurance
“Delivered at Place”
seller arranges transport, risk transfers upon delivery
“Delivered at Place Unloaded”
includes unloading, risk transfers after unloading
“Delivered Duty Paid”
seller covers all costs, including customs duties