Incoterms 2020 Visual Guid

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TradeInfo in Import Export Information Jun 28 / 2 weeks ago
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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

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