Incoterms 2020 Visual Guid
TradeInfo
in
Import Export Information
Jun 28 /
3 months ago
EXW – Ex Works
Insurance: Buyer
Factory
Pickup & Local
Export Formalities
Freight
Import Formalities
Final Delivery
Logistics & Documentation:
- Goods Ready at Premises: Seller
- Pickup & Local Export Haulage: Buyer
- Export Customs, Docs: Buyer
- Freight & Insurance: Buyer
- Import Formalities: Buyer
- Delivery to Destination: Buyer
- Docs: Invoice, Packing List (Others Optional)
Seller: Only makes goods available
Buyer: Full responsibility from pickup
FAS – Free Alongside Ship
Insurance: Buyer
Factory
Port Transfer
Alongside Ship
Export Docs
Freight
Delivery
Logistics & Documentation:
- Delivery Alongside Ship: Seller
- Export Docs: Buyer
- Freight & Loading: Buyer
- Insurance: Buyer
Seller: Up to Dockside
Buyer: From Loading & Freight
FOB – Free On Board
Insurance: Buyer
Factory
Local Haulage
Export Docs
Onboard Shipment
Import
Final Delivery
Logistics & Documentation:
- Local Haulage to Port: Seller
- Export Clearance: Seller
- Loading On Board: Seller
- Insurance: Buyer
- Import Clearance: Buyer
- Inland Delivery: Buyer
Seller: Until Goods On Board
Buyer: Risk from Ship Onward
FCA – Free Carrier
Insurance: Buyer
Factory
Local Transport
Export Formalities
Freight
Import Formalities
Final Delivery
Logistics & Documentation:
- Delivery to Carrier Location: Seller
- Export Customs: Seller
- Freight Charges: Buyer
- Insurance: Buyer
- Import Formalities: Buyer
- Inland Delivery: Buyer
- Docs: Invoice, Packing List, Export Declarations
Seller: Until Carrier Hand-off
Buyer: From Carrier to Final Delivery
CIF – Cost, Insurance and Freight
Insurance: Seller
Factory
Port Delivery
Export Docs
Freight & Insurance
Import Docs
Final Delivery
Logistics & Documentation:
- Inland Haulage to Port: Seller
- Export Clearance: Seller
- Freight Charges: Seller
- Marine Insurance: Seller
- Import Formalities: Buyer
- Local Delivery: Buyer
- Docs: Invoice, Packing List, Insurance Certificate, Export Declarations
Seller: Covers Freight & Insurance
Buyer: Takes Risk Post-Shipment
CPT – Carriage Paid To
Insurance: Buyer
Factory
Local Transport
Export Formalities
Freight Paid
Import Formalities
Final Delivery
Logistics & Documentation:
- Delivery to Carrier: Seller
- Export Docs: Seller
- Freight Charges: Seller
- Insurance: Buyer
- Import Formalities: Buyer
- Local Delivery: Buyer
- Docs: Invoice, Packing List, Export Docs
Seller: Up to Carrier + Freight Paid
Buyer: Risk from Carrier Point
CFR – Cost and Freight
Insurance: Buyer
Factory
To Port
Export Docs
Freight
Import
Final Delivery
Logistics & Documentation:
- Inland Haulage to Port: Seller
- Export Docs: Seller
- Freight Cost: Seller
- Insurance: Buyer
- Import Duties: Buyer
Seller: Until Freight Paid
Buyer: Risk after Onboard
CIP – Carriage and Insurance Paid To
Insurance: Seller (Min. Cover)
Factory
Local Transport
Export Formalities
Freight & Insurance
Import Formalities
Final Delivery
Logistics & Documentation:
- Local Delivery to Carrier: Seller
- Export Clearance: Seller
- Freight & Min. Insurance: Seller
- Import Duties & Taxes: Buyer
- Post-Import Haulage: Buyer
- Docs: Invoice, Packing List, Insurance, Export Declarations
Seller: Up to Freight + Insurance
Buyer: Risk transfers after Carrier handover
DAP – Delivered At Place
Insurance: Seller
Factory
Inland Delivery
Export Formalities
International Freight
Onward Transport
Delivery Point
Logistics & Documentation:
- Transport to Named Place: Seller
- Export Clearance: Seller
- Insurance (Optional): Seller
- Import Duties & Taxes: Buyer
- Docs: Invoice, Packing List, Export Docs
Seller: Delivers to Destination (Excl. Import Clearance)
Buyer: Handles import and unload
DPU – Delivered at Place Unloaded
Insurance: Seller
Factory
Local Haulage
Export Clearance
Freight
Final Haulage
Unloaded at Place
Logistics & Documentation:
- Delivery & Unloading: Seller
- Export Docs: Seller
- Insurance: Seller
- Import Customs: Buyer
- Docs: Invoice, Packing List, Export Declarations
Seller: Until Unloaded at Named Place
Buyer: Responsible for Import Clearance
DDP – Delivered Duty Paid
Insurance: Seller
Factory
Local Haulage
Export Clearance
Freight
Import Duties
Final Delivery
Logistics & Documentation:
- Pickup to Delivery: Seller
- Export Docs: Seller
- Insurance: Seller
- Import Clearance, Duties, Taxes: Seller
- Docs: Invoice, Packing List, Insurance, Export & Import Declarations
Seller: Responsible for Entire Delivery + Duties
Buyer: Simply Receives Goods