Incotermsยฎ 2024
Complete reference for international commercial terms. Understand delivery obligations, risk transfer, and cost allocation.
Total Terms
11
Any Mode
7
Sea & Inland
4
Seller Risk
3
About Incotermsยฎ 2024
Incotermsยฎ are a globally recognized standard defined by the International Chamber of Commerce (ICC). These terms define the responsibilities, costs, and risks involved in international shipping.
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Risk Transfer
Defines when risk transfers from seller to buyer
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Cost Allocation
Determines who pays for shipping, insurance, customs
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Contract Alignment
Choose the right term for your sales contracts
Quick Reference
| Code | Name | Category | Risk | Cost |
|---|---|---|---|---|
| EXW | Ex Works The seller makes goods available at their premises. Buyer be... | ANY_MODE | Buyer | Buyer |
| FCA | Free Carrier Seller delivers goods to carrier or nominated place. Risk tr... | ANY_MODE | Buyer | Buyer |
| FAS | Free Alongside Ship Seller places goods alongside vessel at port. Buyer bears lo... | SEA_INLAND | Buyer | Buyer |
| FOB | Free On Board Seller delivers goods on board vessel. Risk transfers once g... | SEA_INLAND | Buyer | Buyer |
| CFR | Cost and Freight Seller pays cost and freight to destination port. Risk trans... | SEA_INLAND | Buyer | Seller |
| CIF | Cost, Insurance and Freight Seller pays cost, insurance, and freight to destination port... | SEA_INLAND | Buyer | Seller |
| CPT | Carriage Paid To Seller pays carriage to named destination. Risk transfers wh... | ANY_MODE | Buyer | Seller |
| CIP | Carriage and Insurance Paid To Seller pays carriage and insurance to destination. Risk tran... | ANY_MODE | Buyer | Seller |
| DAP | Delivered at Place Seller delivers goods at named destination. Buyer handles im... | ANY_MODE | Seller | Seller |
| DPU | Delivered at Place Unloaded Seller delivers and unloads at named destination. Buyer hand... | ANY_MODE | Seller | Seller |
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