Incoterms – International Commercial Terms
Incoterms are a set of three‑letter trade terms published by the International Chamber of Commerce (ICC) that define the responsibilities of buyers and sellers for the delivery of goods under sales contracts.
Key Incoterms
- EXW (Ex Works) – Buyer bears all costs and risks from the seller’s premises.
- FCA (Free Carrier) – Seller delivers to a carrier named by the buyer.
- CPT (Carriage Paid To) – Seller pays freight to the named destination.
- CIP (Carriage & Insurance Paid) – Same as CPT, plus insurance.
- DAP (Delivered at Place) – Seller delivers when goods are ready for unloading at the destination.
- DDP (Delivered Duty Paid) – Seller assumes all costs, duties, and risks up to the buyer’s door.
How to Choose the Right Incoterm
Select an Incoterm based on the mode of transport, the level of control you need over logistics, and the distribution of costs and responsibilities between buyer and seller.
Our logistics experts can help you determine the most suitable Incoterm for your shipment, ensuring compliance and cost‑effectiveness.