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.