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 |