LAZYSTIC

Incoterms 2020 Guide

Incoterms (International Commercial Terms) are rules published by the International Chamber of Commerce (ICC) that define the responsibilities of buyers and sellers in international trade transactions. They specify who pays for transport, who arranges insurance, and when risk transfers.

Which Incoterm should you choose?

Answer a few questions to find the Incoterm best suited to your situation.

What transport mode are you using?

Comparison table of all 11 Incoterms 2020

Freight Collect TermsFreight Prepaid Terms
Any Mode of TransportSea & Inland WaterwaySea & Inland WaterwayAny Mode of Transport
IncotermEXWFCAFASFOBCFRCIFCPTCIPDAPDPUDDP
Ex WorksFree CarrierFree Alongside ShipFree on BoardCost and FreightCost, Insurance and FreightCarriage Paid ToCarriage and Insurance Paid ToDelivered at PlaceDelivered at Place UnloadedDelivered Duty Paid
Transfer of RiskWhen goods are made available at seller's premisesWhen goods are handed over to the nominated carrierWhen goods are placed alongside the vesselWhen goods are loaded on board the vesselWhen goods are loaded on board the vesselWhen goods are loaded on board the vesselWhen goods are handed to the first carrierWhen goods are handed to the first carrierAt the place of destination, before unloadingAfter unloading at the place of destinationAt the place of destination, before unloading
Obligations & Charges
Export PackagingSellerSellerSellerSellerSellerSellerSellerSellerSellerSellerSeller
Loading ChargesBuyerSellerSellerSellerSellerSellerSellerSellerSellerSellerSeller
Delivery to Port/PlaceBuyerSellerSellerSellerSellerSellerSellerSellerSellerSellerSeller
Export Duty, Taxes & CustomsBuyerSellerSellerSellerSellerSellerSellerSellerSellerSellerSeller
Origin Terminal ChargesBuyerSellerSellerSellerSellerSellerSellerSellerSellerSellerSeller
Loading on CarriageBuyerBuyerBuyerSellerSellerSellerSellerSellerSellerSellerSeller
Carriage ChargesBuyerBuyerBuyerBuyerSellerSellerSellerSellerSellerSellerSeller
InsuranceNegotiableNegotiableNegotiableNegotiableNegotiableSellerNegotiableSellerNegotiableNegotiableNegotiable
Destination Terminal ChargesBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerSellerSellerSeller
Delivery to DestinationBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerSellerSellerSeller
Unloading at DestinationBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerSellerSeller
Import Duty, Taxes & CustomsBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerSeller