04.1.1Incoterms
The new Incoterms 2020, approved by the International Chamber of Commerce in Paris, came into full effect on 1 January 2020. Incoterms are the conditions of sale for transport, they govern and define which party bears the costs and who is responsible for the goods transported. The official English version can be purchased from the ICC website.
Sea terms
FAS (Free Alongside ship)
FOB (Free On Board)
CRF (Cost and Freight)
CIF (Cost Insurance and Freight)
Terms for any mode
EXW (Ex Works)
FCA (Free Carrier)
CPT (Carriage Paid To)
CIP (Carriage and Insurance Paid To)
DAT (Delivered At Terminal)
DAP (Delivered At Place)
DDP (Delivered Duty Paid)