DESCRIPTION ENGLISH risks seller costs seller risks buyer “The Incoterms® rules describe mainly the tasks, costs buyer costs and risks involved in the delivery of goods organisation RULES FOR ANY from sellers to buyers. They specify the obligations by seller for account and risk of buyer MODE OR MODES PRE MAIN AFTER of both parties.” (= freight collect) OF TRANSPORT SELLER CUSTOMS TERMINAL LOADING UNLOAD TERMINAL CUSTOMS BUYER if customary or by TRANSPORT TRANSPORT TRANSPORT buyer’s request DOCUMENTS & STRUCTURE + place of RISKS SCHEMATIC OVERVIEW departure 1 EXW COSTS DOCUMENTS FOR BUYER’S/SELLER’S ACCOUNT goods at buyer’s disposal for collection ICC rules for the use of domestic + place of RISKS INCOTERMS® 2020 EXW FCA CPT CIP DAP DPU DDP FAS FOB CFR CIF departure and international trade terms 2 FCA COSTS Export invoice S S S S S S S S S S S ORGANISATION CLASSIFICATION OF THE 11 INCOTERMS® 2020 RULES Packing list (S) (S) (S) (S) (S) (S) (S) (S) (S) (S) (S) appointed by the buyer (= consolidation on departure by buyer) RULES FOR ANY MODE OR MODES OF TRANSPORT Export documentation B S S S S S S S S S S + place of RISKS (declaration, license, ... ) destination (insert named place of delivery) 3 CPT COSTS 1 EXW EX WORKS Proof of delivery (dock receipt, B S - - - - - S S - - Costs for buunlessyer, included in transportcharges Receipt (FCR), mate’s receipt) 2 FCA (insert named place of delivery) + place of RISKS FREE CARRIER + OPTION FOR ON-BOARD BILL OF LADING destination Transport document (B) B/S S S S S S B/S B/S S S 4 CIP COSTS 3 CPT (insert named place of destination) Insurance policy (B) (B) (B) S (S) (S) (S) (B) (B) (B) S + transport insurance Costs for buunlessyer, included in transportcharges CARRIAGE PAID TO Transit documents (B) B B B S S S B B B B + place of RISKS destination 4 CIP (insert named place of destination) B B B B B B S B B B B 5 DAP COSTS CARRIAGE AND INSURANCE PAID TO Import licence B B B B B B S B B B B delivery at destination - ready for unloading/DAP port: delivery at port of destination - ready for unloading 5 DAP (insert named place of destination) (B) (B) (B) (B) (B) (B) (S) (B) (B) (B) (B) + place of RISKS DELIVERED AT PLACE destination 6 DPU COSTS Import documents 6 DPU (insert named place of destination) (import/consular/customs invoice, B B B B B B S B B B B delivery at destination - unloaded / DPU port: delivery at terminal (possibly quay) at destination - discharged Costs and risks until at buyer’s disposal DELIVERED AT PLACE UNLOADED + place of RISKS (insert named place of destination) S = documents for Seller’s account destination 7 DDP 7 DDP DELIVERED DUTY PAID B = documents for Buyer’s account COSTS (S/B) = not explicitly settled in the Inco® tRuleserms delivery at destination + cleared for import - ready for unloading RULES FOR SEA AND INLAND WATERWAY TRANSPORT 8 FAS (insert named port of shipment) STRUCTURE OF THE INCOTERMS® 2020 FREE ALONGSIDE SHIP This schematic overview is only A. The seller’s obligations B. The buyer’s obligations 9 FOB (insert named port of shipment) an educational tool and is available FREE ON BOARD in other languages. A1 General obligations B1 General obligations 10 CFR (insert named port of destination) A2 Delivery B2 Taking delivery COST AND FREIGHT RULES FOR SEA AND A3 Transfer of risks B3 Transfer of risks INLAND WATERWAY 11 CIF (insert named port of destination) ICC publications: www.iccwbo.be COST INSURANCE AND FREIGHT A4 Carriage B4 Carriage or contact ICC Belgium directly: TRANSPORT SELLER LOADING TRANSPORT UNLOADING BUYER [email protected], +32 2 515 08 44 A5 Insurance B5 Insurance Example: “FCA Port+ NV, Brouwersvliet 33, Antwerp, Incoterms® 2020” + port of RISKS A6 Delivery/transport document B6 Delivery/transport document FAS shipment 8 COSTS This schematic overview is only an educational tool and is available A7 Export/import clearance B7 Export/import clearance ORGANISATION in other languages. A8 Checking/packaging/marking B8 Checking/packaging/marking delivery alongside ship (e.g. on barge, train, ...) Delivery alongside ship To order, please contact: Incoterms® 2020 Rules (No. 723E, ISBN: 978-92-842-0510-3), A9 Allocation of costs B9 Allocation of costs + port of RISKS to be purchased at ICC Belgium: www.iccwbo.be FOB shipment A10 Notices B10 Notices 9 COSTS ORGANISATION delivery on board at port of departure + port of RISKS destination 10 CFR COSTS delivery on board at port of departure - freight paid CCostsosts for for bu buyunlesseyre, runless, included for selle inr t’sr anspoaccou rn(”linerttcha underrges ou cto”)ntract of carriage (’liner out’) +32 (0) 3 206 73 50 + port of RISKS [email protected] destination www.portplus.be 11 CIF COSTS delivery on board at port of departure - freight + insurance paid CCostsosts for for bu buyunlesseyre, runless, included for selle inr t’sr anspoaccou rn(”linerttcha underrges ou cto”)ntract of carriage (’liner out’).