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Incoterms
The standard trade terms that define buyer and seller responsibilities.
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Which term should you use?
Talk to your local Holship office — we’ll advise on the right Incoterm for your trade.
Incoterms
Standard trade terms for international sales
Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce, they are at the heart of world trade.
The 11 current terms are listed below. The full chart summarising the responsibilities of buyer and seller for each term is available to download.
ANY MODE 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
Sea and inland waterway transport
FAS Free Alongside Ship
FOB Free on Board
CFR Cost and Freight
CIF Cost, Insurance and Freight
The above is a summary for guidance only. Always refer to the official ICC Incoterms® 2020 publication for the full rules.
Need the full Incoterms chart?
Download the responsibility chart covering all 11 terms, cost by cost.
Need further information?
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