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Incoterms 2020

As of January 1, 2020, the ICC published the revised INCOTERMS 2020. The clause DAT has been removed and replaced by DPU. All Incoterms are defined from the seller’s perspective.

Code English Meaning Named place
FOBFree On Boardfree on boardagreed port of shipment (sea transport only)
FCAFree Carrierfree carrierseller’s premises or carrier’s location
FASFree Alongside Shipfree alongside shipagreed port of shipment (sea transport only)
EXWEx Worksex worksfactory location or any other named place
DPUDelivered at Place Unloadeddelivered and unloadedagreed place of delivery
DDPDelivered Duty Paiddelivered duty paidagreed place of delivery
DAPDelivered At Placedelivered at placeagreed place of delivery
CPTCarriage Paid Tocarriage paid toagreed place of destination
CIPCarriage & Insurance Paidcarriage and insurance paidagreed place of destination
CIFCost Insurance Freightcost, insurance and freightport of destination
CFRCost and Freightcost and freightport of destination
Seller Buyer
Incoterm Loading Export customs Export transport Import transport Final transport Import duties & taxes Insurance
EXWBuyerBuyerBuyerBuyerBuyerBuyerBuyer
FCASellerSellerSellerBuyerBuyerBuyerBuyer
FOBSellerSellerSellerBuyerBuyerBuyerBuyer
CIFSellerSellerSellerSellerBuyerBuyerSeller
DAPSellerSellerSellerSellerSellerBuyerBuyer
DPUSellerSellerSellerSellerSellerBuyerBuyer
DDPSellerSellerSellerSellerSellerSellerBuyer