INCO Terms
INCO Terms are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment.
The seven Incoterms® 2020 rules for any mode(s) of transport are:
EXW
Ex Works (insert place of delivery)
FCA
Free Carrier (Insert named place of delivery)
CPT
Carriage Paid to (insert place of destination)
CIP
Carriage and Insurance Paid To (insert place of destination)
DAP
Delivered at Place (insert named place of destination)
DPU
Delivered at Place Unloaded (insert of place of destination)
DDP
Delivered Duty Paid (Insert place of destination).
The four Incoterms® 2020 rules for Sea and Inland Waterway Transport are:
FAS
Free Alongside Ship (insert name of port of loading)
FOB
Free on Board (insert named port of loading)
CFR
Cost and Freight (insert named port of destination)
CIF
Cost Insurance and Freight (insert named port of destination)
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