Incoterms 2020 — Quick Reference

Seller makes goods available at their premises. Buyer handles everything after that — pickup, export clearance, freight, import, delivery.

Seller delivers goods to a named place (often their own premises or a freight terminal), cleared for export. Buyer handles freight onwards.

Seller pays freight to a named destination. Risk transfers to buyer when seller hands cargo to the first carrier.

Like CPT but seller also buys cargo insurance for the buyer. Now requires insurance at "all-risks" (ICC A) coverage.

Seller delivers goods to a named place in the country of import, NOT cleared for import. Buyer handles import duties.

Like DAP but seller is also responsible for unloading at the named place. New in Incoterms 2020 (replaces DAT).

Seller delivers goods, fully cleared for import, all duties paid. Maximum seller obligation.

Seller delivers goods alongside the vessel at the named port. Buyer handles loading and onward freight.

Seller delivers goods on board the vessel at the named port. Risk transfers when goods are on board.

Seller pays freight to a named destination port. Risk transfers when goods are on board the vessel.

Like CFR but seller also buys marine cargo insurance (minimum ICC C cover required).