What are Incoterms?
Incoterms are standardized terms of trade for goods in international trade. By using standardized terms we hope to simplify what could be a quite complicated transaction. The Incoterms used in 2020 are:
- 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)
We usually sell with either DAP or DDP. For more information on Incoterms visit the website of the International Chamber of Commerce.