Incoterms® 2020

From collection to delivery, the transport route of goods is divided into two parts by the delivery point agreed between the seller and the buyer. The seller is responsible until the delivery point, the buyer is responsible afterwards. The Incoterms® regulate the cost distribution, the risk transfer points and obligations of both parties. In addition, it is regulated which party must issue the transport documents, provide and pay for packaging, bear customs costs and, if necessary, cover transport insurance.

Incoterms® is a trademark of the International Chamber of Commerce (ICC). Copyright of the Incoterms® rules is held by ICC. Only the original text versions of Incoterms® 2020 rules published by ICC are binding.

Our chart shows an overview of the Incoterms® 2020 clauses.

Incoterms® 2020 chart
EgeTrans_Incoterms2020

Details on the Incoterms® 2020 clauses

EgeTrans_Incoterms_EXW

Ex Works

The seller makes the goods available to the buyer at the named place.

Applicable
For all modes of transport

Place of Delivery
Named place

Transfer of Costs
After availability at the named place

Transfer of Risk
After availability at the named place

EgeTrans_Incoterms_FCA

Free Carrier

The seller makes the goods available to the carrier assigned by the buyer at a named location. The seller must load the goods.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery to the carrier

Transfer of Costs
Named place

Transfer of Risk
Named place

EgeTrans_Incoterms_CPT

Carriage Paid To

The seller turns over the goods to the carrier at the place of delivery. At this place only the risk transfer from the seller to the buyer takes place. The seller concludes the contract of carriage and thus bears the freight costs to the place of destination.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery to the (first) carrier

Transfer of Costs
Place of Destination

Transfer of Risk
Place of Delivery

EgeTrans_Incoterms_CIP

Carriage, Insurance Paid To

The seller turns over the goods to the carrier at the place of delivery. At this place only the risk transfer from the seller to the buyer takes place. The seller concludes the contract of carriage and thereby bears the freight costs to the place of destination. The seller must also cover transport insurance for the benefit of the buyer at his own expense. Minimum coverage Institute Cargo Clauses "A" , sales price plus 10% imaginary profit.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery to the (first) carrier

Transfer of Costs
Place of Destination

Transfer of Risk
Place of Delivery

EgeTrans_Incoterms_DAP

Delivered At Place

The seller's goods shall be considered to be delivered as soon as the goods are made available to the buyer for unloading at the named place of destination.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery

Transfer of Costs
Place of Destination

Transfer of Risk
Place of Destination

EgeTrans_Incoterms_DPU

Delivered At Place Unloaded

The seller's goods shall be considered to be delivered as soon as the goods have been unloaded from the arriving means of transport and made available to the buyer at the named place of destination. All costs and risks of transporting the goods to the named place, including unloading costs, shall be for the account of the seller.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery (unloaded)

Transfer of Costs
Place of Destination

Transfer of Risk
Place of Destination

EgeTrans_Incoterms_DDP

Delivered Duty Paid

The seller's goods shall be considered to be delivered as soon as they have been made available for unloading at the named place of destination. The Seller shall bear all costs including customs duties, taxes and importation of the goods.

Applicable
For all modes of transport

Place of Delivery
Named place of delivery (unloaded)

Transfer of Costs
Place of Destination

Transfer of Risk
Place of Destination

EgeTrans_Incoterms_FAS

Free Alongside Ship

The goods are considered to be delivered when they have been taken to the long side of the ship (e.g. terminal) at the named port of loading

Applicable
Maritime or inland waterway transport

Place of Delivery
Long side of the vessel at the port of loading

Transfer of Costs
Place of Delivery

Transfer of Risk
Place of Delivery

EgeTrans_Incoterms_FOB

Free On Board

The seller makes the goods available to the buyer on board of the named vessel at the named port of sailing.

Applicable
Maritime or inland waterway transport

Place of Delivery
On board the ship at the port of loading

Transfer of Costs
Place of Delivery

Transfer of Risk
Place of Delivery

EgeTrans_Incoterms_CFR

Cost and Freight

The seller shall make the goods available to the buyer on board the ship at the named port of destination.

Applicable
Maritime or inland waterway transport

Place of Delivery
On board the ship at the port of loading

Transfer of Costs
On board the ship at the port of destination

Transfer of Risk
Port of loading

EgeTrans_Incoterms_CIF

Cost, Insurance and Freight

The seller shall make the good available to the buyer on board the vessel at the named port of destination. The seller must also cover transport insurance for the benefit of the buyer at his own expense. Minimum coverage Institute Cargo Clauses "C" , sales price plus 10% imaginary profit.

Applicable
Maritime or inland waterway transport

Place of Delivery
On board the ship at the port of loading

Transfer of Costs
On board the ship at the port of destination

Transfer of Risk
Port of loading

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