Saturday 14 December, 2019
Incoterms® 2020
The latest edition of the Incoterms® rules is Incoterms® 2020. However, Incoterms® 2010 remains in effect for those using them.
The Incoterms rules are the world’s essential terms of trade for the sale of goods. The Incoterms rules provide specific guidance to individuals participating in the import and export of global trade on a daily basis.
The International Chamber of Commerce (ICC) published the first Incoterms® rules in 1936. ICC has been developing them ever since.
Incoterms 2020:
| EXW | Ex Works |
| FCA | Free Carrier |
| CTP | Carriage Paid To |
| CIP | Carriage and Insurance Paid To |
| DAP | Delivered at Place |
| DPU | Delivered at Place Unloaded |
| DDP | Delivered Duty Paid |
| FAS | Free Alongside Ship |
| FOB | Free On Board |
| CFR | Cost and Freight |
| CIF | Cost Insurance and Freight |
learn more about the latest edition of Incoterms® rules, please visit https://iccwbo.org