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International Commercial Terms
ICC Incoterms 2020

Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions for more than 60 years.

At the beginning of 2020 International Chamber of Commerce published a new set of pre-defined terms – Incoterms® 2020.

All means of transport

EXW Ex works
FCA Free Carrier
CPT Carriage Paid To
CIP Carriage and Insurance Paid To
DAT Delivered At Terminal
DAP Delivered At Place
DDP Delivered Duty Paid

Maritime and inland waterway transport

FAS Free Alongside Ship
FOB Free On Board
CFR Cost and Freight
CIF Cost, Insurance and Freight