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- Home|Specialized|Incoterms® 2020
Incoterms® 2020
Incoterms® 2020
Sea transport and inland waterways
FAS | Free Alongside Ship
FAS means the seller delivers the goods to the buyer when:
The goods are placed alongside the vessel nominated by the buyer at the named port of loading or
The seller purchases the lot so delivered for delivery to the buyer.
Risk of loss or damage to the shipment passes when the goods are placed alongside the vessel, and the buyer bears all costs from that point. FAS requires the seller to carry out export customs clearance.
FOB | Free On Board
CFR | Cost and Freight
CIF | Cost Insurance and Freight
One or more modes of transportation
EXW | Exworks
EXW means that the seller delivers the goods to the buyer when the goods are placed at the buyer's disposal at a named place (factory or warehouse), and the named place may be the seller's premises or Are not.
To deliver the goods, the seller does not need to load and unload the goods onto the vehicle, nor does he need to go through export customs procedures.
Delivery occurs – risk is transferred – when the goods are placed at the disposal of the buyer (not yet loaded on the vehicle).
FCA | Free Carriers
CPT | Carriage Paid To
CIP | Carriage and Insurance Paid To
DAP | Delivered at Place
DPU | Delivered at Place Unloaded
DDP | Delivered Duty Paid