Incoterms

What is Incoterms?

Incoterms are the ICC's international delivery terms. They define who pays for transport, customs and insurance – and when the risk passes from seller to buyer.

Also called: delivery terms, EXW, FCA, DAP, DDP

The current edition is Incoterms 2020 with 11 rules, e.g. EXW, FCA, DAP, DDP, FOB and CIF. Four of the rules apply to sea and inland waterway transport only.

Always add the place after the abbreviation, e.g. "FCA Kolding, Incoterms 2020".

Related terms