INCOTERMS 2020

Incoterms 2020 is an internationally recognized

standard for international and domestic contracts
for the sale of goods, published by the International
Chamber of Commerce. This illustration shows risk
and cost distribution between seller and buyer in
accordance with Incoterms 2020. customs reloading reloading customs
loading at main transport unloading at
clearance at freight pre-carriage on-carriage at freight clearance
shipper Loading freigh contract Discharging consignee
(export) terminal terminal (import)
COST
EXW RISK
EX WORKS

COST
FCA RISK
FREE CARRIER

COST
CPT RISK
CARRIAGE PAID TO

COST
CIP* RISK
CARRIAGE, INSURANCE PAID

COST
DAP RISK
DELIVERED AT PLACE

COST
DPU RISK
DELIVERED PLACE UNLOADED

COST
DDP RISK
DELIVERED DUT Y PAID
ONLY FOR SEA AND RIVER TRANSPORT

COST
FAS RISK
FREE ALONGSIDE SHIP

COST
FOB RISK
FREE ON BOARD

COST
CFR RISK
COST AND FREIGHT

COST
CIF* RISK
COST, INSURANCE AND FREIGHT

* Seller has the obligation to insure the goods Please note: Above are guidelines only and can not be used as a full and complete illustration of the cost and risk distribution between SELLER
sælger and køber
BUYER .
on behalf of the buyer Incoterms should always be followed by a named place of delivery and year, if relevant.
©Blue Water Shipping A/S
Rev5/ 2019.11.19 / JBL-CLSO