Incoterms are the basic conditions for international trade in the sale of goods. Whether you place a purchase order or pack and prepare shipments for transportation, the Incoterms rules are a reference for you. The Incoterms rules provide specific guidelines for companies involved in world trade imports and exports on a daily basis.
The Incoterms® 2020 Practical Table outlines the obligations, costs and risks of the Buyer and Seller under each of the 11 Incoterms rules.
EXW - Ex Works
FCA — Free Carrier
CPT — Carriage Paid To
CIP — Carriage and Insurance Paid Тo
FAS — Free Alongside Ship
FOB — Free on Board
CFR — Cost and Freight
CIF — Cost, Insurance and Freight
DPU — Delivered Named Place Unloaded
DAP — Delivered at Place
DDP — Delivered Duty Paid