Incoterms 2020

Incoterms 2020DESCRIPTION EXW Ex Works Seller SELLER SELLER SELLER Carrier Alongside ship On Board FCA Free Carrier SELLER SELLER SELLER CPT Carriage Paid to CIP Carriage and Insurance Paid to DPU NEW Delivered at Place Unloaded SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER SELLER DAP Delivered at Place SELLER SELLER SELLER DDP Delivered Duty Paid SELLER SELLER SELLER FAS Free Alongside Ship FOB Free on Board SELLER SELLER SELLER SELLER SELLER SELLER CFR Cost and Freight SELLER SELLER SELLER CIF Cost, Insurance and Freight SELLER SELLER SELLER COSTS RISK INSURANCE FAS, FOB, CFR and CIF Only apply to sea and inland waterways The place should always be speciﬁed as precisely as possible, and not just be a city name. www.dsv.com On Arrival Alongside ship BUYER BUYER BUYER Destination Buyer BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER BUYER Incoterms® 2020 FREIGHT/RISK TRANSFER MORE DETAILS Freight Seller’s premises Risk Seller’s premises Seller is only responsible for making the goods available at the seller’s premises. The buyer bears the full risk from there to the destination. Freight Freight handler Risk Freight handler Freight Destination Risk First freight handler Freight Destination Risk First freight handler Freight Destination Risk Destination Seller is responsible for delivery to the custody of the carrier, which is provided by the buyer. Risk is transferred as soon as loading has taken place. The place must be speciﬁed as the seller’s premises or another agreed place. Seller delivers the goods to the carrier at an agreed place of delivery and pays for transport to the named destination. Risk is transferred at the place of delivery, whereas seller pays for transport to the destination. Seller delivers the goods to the carrier at an agreed place of delivery and pays for transport and all risk insurance* insurance to the named destination. Risk is transferred at the place of delivery, whereas seller pays for transport and insurance to the destination. * Under Incoterms 2010® limited insurance coverage was su cient. Seller delivers the goods unloaded at a speciﬁed place of delivery or destination. Risk is transferred as soon as the goods have been unloaded. Freight Place of destination Risk Arriving means of transport at destination Freight Destination Risk Destination Freight Shipside in port of departure Risk Shipside in port of departure Seller delivers the goods to the disposal of the buyer on the arriving means of transport at the agreed place. Seller assumes the risk until the goods are made ready for unloading from the arriving means of transport. Seller is responsible for bringing the goods to the destination, paying any duty and making the goods available to the buyer. Risk is transferred as soon as the buyer has access to the goods ready for unloading at the agreed destination. Seller is responsible for delivery of the goods at the quay alongside the ship. From this point onwards, risk lies with the buyer. Freight On board ship Risk On board ship Seller is responsible for delivery of the goods loaded on board the ship. Risk is transferred as soon as the goods are on board the ship. Freight Port of destination Risk On board ship Seller covers cost of freight, duty unpaid, to the named port of destination. Risk is transferred as soon as the goods are on board the ship. Freight Port of destination Risk On board ship Seller covers cost of insurance and freight, duty unpaid, to the named port of destination. Risk is transferred as soon as the goods are on board the ship. Incoterms® is a registered trademark of the International Chamber of Commerce. Further details and the o cial text relating to Incoterms® rules can be found at the o cial International Chamber of Commerce (ICC) website.