Starting an International Trade Business (Import & Export) - Understanding of International Commercial Terms, Incoterms® 2020 as an Importer or Exporter
There are 11 rules as per IncoTerms® 2020, Incoterms is short for (International Commercial Terms) issued by the International Chamber of Commerce (ICC).
EXW or (EX Works)
CIP or (Carriage and Insurance Paid to)
FCA or (Free Carrier)
DAP or (Delivered at Place)
CPT or (Carriage Paid to)
DDP or (Delivery Duty Paid)
DPU Or (Delivered at Place Unloaded)
FAS or (Free Alongside Ship)
CFR or (Cost and Freight)
FOB or (Free on Board)
CIF or (Cost, Insurance and Freight)
