Incoterms 2020

The Incoterms® rules app is the only official tool from the creators and guardians of the Incoterms® Rules, the International Chamber of Commerce (ICC). The official app features essential news, information and insights regarding the commercial trade terms in one, easy-to-access location, from a trusted source. The Incoterms® rules define important responsibilities of buyers and sellers for the delivery of goods under sales contracts and serve as authoritative rules for determining how costs and risks are allocated to parties. KEY FEATURES: ::: Browse descriptions of each of the 11 Incoterms® rules. ::: Get information on which trade term to include in your sales contracts, depending on the mode of transport: air, rail, road, sea or a combination thereof. ::: Connect with ICC’s global network of experts to get advice on the most pressing Incoterms® rules questions facing your enterprise. ::: Discover our latest Trading Thoughts podcasts. ::: Shop added resources to help take your business global and expand growth. With a mission is to make business work for everyone, every day, everywhere, ICC is the institutional representative of more than 45 million companies in over 100 countries. We draw on the expertise and experience of our global network to offer an extensive catalogue of voluntary rules, guidelines and codes, which facilitate cross-border transactions and help spread best business practices. ICC is the creator of the Incoterms® rules and continues to update the trade terms to keep pace with the ever-changing trade landscape. INCOTERMS® 2020, THE MOST CURRENT EDITION OF THE RULES, INCLUDES THE FOLLOWING 11 TERMS: Rules for any mode or modes of transport: ::: 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 Rules for sea and inland waterway transport: ::: FAS: Free Alongside Ship ::: FOB: Free on Board ::: CFR: Cost and Freight ::: CIF: Cost Insurance and Freight