FAS Incoterm® (Free alongside Ship)
The FAS Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
CIF Incoterm® (Cost, Insurance and Freight)
The CIF Incoterms® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
CFR Incoterm® (Cost And Freight)
The CFR Incoterms® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
FOB Incoterm® (Free on Board)
The FOB Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
FCA Incoterm® (Free Carrier)
The FCA Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
DDP Incoterm® (Delivery Duty Paid)
What is DDP Incoterm®? DDP (Delivered Duty Paid) is one of the official Incoterms® rules defined by the International Chamber of Commerce (ICC) that outlines responsibilities between sellers and buyers in international trade. Under the DDP Incoterm®, the seller bears full responsibility for delivering goods to the buyer’s final destination, including customs clearance, duties, and […]
DPU Incoterm® (Delivery and Place Unloaded)
The DPU Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
DAP Incoterm® (Delivered at Place)
The DAP Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
CIP Incoterm® (Carriage and Insurance Paid To)
The CIP Incoterm® is one of the standardized international delivery terms agreed upon between buyer and seller. These are rules that establish worldwide agreements on transport, costs, and any potential damage during transportation. Every ten years, the International Chamber of Commerce (ICC) updates the Incoterms®. The most recent version, the ICC Incoterms® 2020, came into […]
CPT Incoterm® (Carriage Paid To)
CPT Incoterm (Carriage Paid To) Imagine this: you’re purchasing goods from a supplier overseas. They offer to handle the transportation to your country and even cover the shipping cost. Sounds convenient, right? But midway through the journey, the goods are damaged. Who is responsible? This is where misunderstandings in international trade often begin — and […]
