Incoterms® 2020 Explained for Import Export Global Trade


Incoterms® 2020 have been updated, read and download the new Incoterms® chart here:

Incoterms® are Internationally recognized terms that are published by the International Chamber of Commerce (ICC). Buyer and sellers use Incoterms® to agree on the International sale and supply of goods in global trade transactions. Buyers and sellers must accurately understand how Incoterms® work and agree to sell goods based on 11 Incoterms®:
EXW – EX Works or EX Warehouse
FCA – Free to CArrier
FAS – Free Alongside Ship
FOB – Free On Board
CFR – Cost and Freight
CIF – Cost, Insurance and Freight
CPT – Carriage Paid To
CIP – Carriage and Insurance Paid to
DAP – Delivered At Place
DPU – Delivered at Place Unloaded (note DPU replaces the old Incoterm® 2010 DAT)
DDP – Delivered Duty Paid

The buyer and seller must agree to Incoterms® and display them correctly on sales contracts and documentation. Exporters and importers use to connect to create and share sales and shipping documentation required for global trade.

Use IncoDocs to confirm more orders and get products shipped Internationally. Try it free at


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