Incoterms 2020
This page is designed to provide a basic level of understanding of Incoterms ® 2020 Rules published by the International Chamber of Commerce (ICC)
Incoterms 2020
EXW Ex Arbeite FCA Frei Träger FAS Frei Längsseite Schiff FOB Free on Board CFR Preis und Fracht CIF Kosten, Versicherung und Fracht CIP Fracht und Versicherung bezahlt DAP Geliefert am Ort DPU Delivered Named Place Unloaded DDP Geliefert verzolltIncoterms 2010
DAT Geliefert am TerminalCPT - Carriage Paid To (named place of destination)
The meaning of it is that the delivery is completed for the supplier when customs procedures for export were completed and the goods were transferred to the forwarder for transportation to a specific destination specified in the contract. All risks associated with the transportation of goods pass from supplier to recipient after delivery of the goods to the forwarder. CPT is concluded on the basis of an international contract of sale, which indicates all the responsibilities and what expenses each party bears. As a rule, the supplier bears all responsibilities with the delivery and clearance of goods to a specific destination. Under CPT conditions, the recipient must insure the goods, unlike the CIP and CIF conditions.
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller.
