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INCOTERMS® 2020

TERMLITERALLY MEANSBRIEF DESCRIPTION (refer to official body for in-depth guide)
EXWEx Works Buyer is responsible for collecting the goods at Sellers premises (named place) and accepts all costs and liabilities thereonwards.
FCAFree CarrierSeller is responsible for delivering cargo to named place in their own country (eg airport or freight terminal) and Buyer accepts all costs and liabilities thereonwards.
CPTCarriage Paid ToSeller responsible to deliver goods to a carrier for agreed-upon destination. Buyer accepts all costs and liabilities upon delivery to first carrier.
CIPCarriage and Insurance paid toSeller responsible for all risks until the goods are delivered to the first carrier at named place of shipment—not the place of destination
DAPDelivered at PlaceSeller is responsible, all risks, for delivery of the goods to named place ready for unloading, Buyer responsible unloading
DPUDelivered at Place, UnloadedSeller responsible to deliver the goods to named place at the disposal of the buyer after they've been unloaded from the arriving means of transport.
DDPDelivered Duty PaidSeller responsible for all costs for delivering the goods to the named place of destination. Ie Seller pays freight, insurance, export, import formalities, taxes and dues
FASFree Alongside ShipSeller responsible for carriage and to clear goods for export and places them alongside the vessel at the named port of departure.
FOBFree On BoardSeller responsible for export clearance and carriage of the goods to named port of departure and loaded onto the vessel
CFRCost and FreightSeller is responsible for the delivery of the goods to a ship and loading the goods onto the ship at named place at origin and to named port of destination
CIFCost Insurance and FreightSeller responsible for delivery to named port, cleared for export, loaded on vessel as well as carriage and insurance to named port destination

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