Incoterms® 2020 - Transport Obligations, Costs & Risks
| Incoterms® 2020 | Any Transit Mode | Sea/Inland Waterway Transport | Any Transport Mode | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EXW | FCA | FAS | FOB | CFR | CIF | CPT | CIP | DAP | DPU | DDP | ||
| Ex Works | Free Carrier | Free Alongside Ship | Free On Board | Cost & Freight | Cost Insurance & Freight | Carriage Paid To | Carriage Insurance Paid To | Delivered at Place | Delivered at Place Unloaded | Delivered Duty Paid | ||
| Transfer of Risk | At Buyer’s Disposal | On Buyer’s Transport | Alongside Ship | On Board Vessel | On Board Vessel | On Board Vessel | At Carrier | At Carrier | At Named Place | At Named Place Unloaded | At Named Place | |
| Charges/Fees | ||||||||||||
| Packaging | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Loading Charges | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Delivery to Port/ Place | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
|
Export Duty, Taxes & Security Clearance |
Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Origin Terminal Charges | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Loading on Carriage | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Carriage Charges | Buyer | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | Seller | Seller | |
| Insurance | Seller | Seller | ||||||||||
|
Destination Terminal Charges |
Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller | Seller | Seller | Seller | Seller | |
| Delivery to Destination | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller | Seller | Seller | |
|
Import Duty,Taxes & Security Clearance |
Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Buyer | Seller | |
* Under CPT & CIP, Destination Terminal Charges and Delivery to Destination will depend on the contract of carriage obtained by the buyer
** Under CIP, Seller has to obtain excessive Insurance cover complying with Institute of Cargo Clause (A) or similar clause
*** Under CIF, Seller is required to obtain limited Insurance cover complying with Institute Cargo Clause (C) or similar clause