What is Incoterms?
Note: INCOTERMS rules don’t constitute a contract. These rules are used in contracts signed for the sale and delivery of products at the destination. These rules do not take legal precedence over applicable domestic laws and don’t govern transfer of title, the amount payable, currency or credit terms.
Kodlar | Incoterms 2020 | Delivery terms |
EXW | Ex Works | Loading from the seller's address |
FCA | Free Carrier | Delivery at the designated place in the seller's country |
FAS | Free Alongside Ship | Delivery to the agreed loading port |
FOB | Free On Board | Delivery at the port |
CFR | Cost and Freight | Delivery to designated port in seller's country |
CIF | Cost, Insurance and Freight | The Seller covers shipping and insurance costs |
CPT | Carriage Paid to | Delivery at the point of destination with full payment of shipping costs |
CIP | Carriage and Insurance Paid to | Delivery at the destination, freight and insurance paid |
DPU | Delivered at Place Unloaded | Delivery unloaded at the destination |
DAP | Delivered at Place | Delivery at the destination in the recipient's country |
DDP | Delivered Duty Paid | Delivery at the address with all fees paid |
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