Incoterms® - Guide to shipping terms

CIF Incoterms: The seller covers the cost of insurance AND freight to the named port of destination or place.

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Using the Ex-works (EXW) Incoterm, the seller has minimal responsibility. The goods must be made available and packed suitably and be available at a specified location.

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Using the shipping term Free Carrier (FCA), the seller must take responsibility for the export clearance and delivery to the named place.

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Using the Incoterm CPT, the seller has the responsibility for both the transportation and costs to the named place at destination. 

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Using the CIP Incoterm, the seller is responsible for the cost of carriage as well as all-risk insurance coverage.

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DAP Incoterm: The buyer is only responsible for costs to import the cargo and unload the shipment once it arrives at the requested destination.

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The incoterm DPU was formally known as DAT for “Delivered at Terminal”

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Using the Incoterm DDP Delivery Duty Paid rule, the seller assumes all costs.

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FAS - The use of this Incoterms rule is restricted to goods transported by sea or inland waterway.

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The risk and costs are transferred to the buyer as soon as the goods have been loaded onboard the vessel.

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Download FREE Incoterms® Chart in PDF NOW!

Understand your shipping terms, the Incoterms chart provides a guide to all 11 Incoterms.


International Commercial Terms

EXW (Ex Works) 

FCA (Free Carrier) 

CPT (Carriage Paid To) 

CIP (Carriage and Insurance Paid To) 

DAP (Delivered at Place) 

DPU (Delivered at Place Unloaded) 

DDP (Delivered Duty Paid)

FAS (Free Alongside Ship)

FOB (Free On Board)

CFR (Cost And Freight)

CIF (Cost, Insurance And Freight)

Get to know the rules for buyers and sellers!

Full Incoterms 2020 Overview

Read all about the latest updates to Incoterms.

Additional Resources:

  • Shipping Container Guide available here
  • Unit Load Dimensions overview available here

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