INCOTERMS 2020
Allocations of costs and of risks to buyer/seller according to Incoterms 2020
Mode of
Transport
Acronym Incoterm liability Packaging
and
Checking
Loading
at Seller’s
Premises
Carriage to Port
/ Named Place
in Origin
(Pre-Carriage)
Export Customs
Declaration
Terminal Charges
Origin
Loading on Vessel
/ Airplane Origin
Transport (Sea/Air)
to Port/Airport
of Import
Insurance Unloading /
Terminal Charges
Destination
Import Customs
Clearance
Import duties
and taxes
Loading on truck
in port of import
Carriage to
Final Delivery
Site(On-Carriage)
Unloading at
Buyer’s Premises
EXW Ex Works
(named place of delivery)
costs Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
FCA Free Carrier
(named place of delivery)
costs Seller Seller Seller/Buyer Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
CPT Carriage Paid To
(named place of destination)
costs Seller Seller Seller Seller Seller Seller Seller Buyer Seller/Buyer Buyer Buyer Seller/Buyer Seller Buyer
risks Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
CIP Carriage Insurance and Paid To
(named place of destination)
costs Seller Seller Seller Seller Seller Seller Seller Seller Seller/Buyer Buyer Buyer Seller/Buyer Seller Buyer
risks Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
DAP Delivered at Place
(named place of destination)
costs Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Buyer
risks Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Buyer
DPU Delivered at Place Unloaded
(named place of destination)
costs Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Seller
risks Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Seller Seller Buyer
DDP Delivered Duty Paid
(named place of destination)
costs Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Buyer
risks Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
FAS Free Alongside Ship
(named port of shipment)
costs Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
FOB Free On Board
(named port of destination)
costs Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
CFR Cost and Freight
(named port of destination)
costs Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer
CIF Cost, Insurance and Freight
(named port of destination)
costs Seller Seller Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer
risks Seller Seller Seller Seller Seller Seller Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer

Remark: With all Incoterms beginning with D there is no obligation to provide insurance, however the insurable risk is for the seller’s account.

More Information visit Wikipedia Incoterms 2020