Incoterms 2020

Incoterms 2020 includes eleven terms of delivery. They are

  • EXW Ex Works
  • FCA Free Carrier
  • CPT Carriage Paid To
  • CIP Carriage and Insurance Paid to
  • DAP Delivered At Place
  • DPU Delivered at Place Unloaded
  • DDP Delivered Duty Paid
  • FAS Free Alongside Ship
  • FOB Free On Board
  • CFR Cost and Freight
  • CIF Cost, Insurance and Freight

First seven terms are for all modes of transport. Four latter terms are for sea or inland waterways transport only.