In this blog, you will read all about incoterms, what they are, which ones we use, and how you use them.
Content
1. What are incoterms
2. Incoterm categories
2.1. Ex Works (EXW)
2.2. Free Carrier (FCA)
2.3. Carriage Paid To (CPT)
2.4. Carriage and Insurance Paid To (CIP)
2.5. Delivered at Place Unloaded (DPU)
2.6. Delivered At Place (DAP)
2.7. Delivered Duty Paid (DDP)
2.7.1. Difference DAP and DDP
2.8. Free Alongside Ship (FAS)
2.9. Free On Board (FOB)
2.10. Cost and Freight (CFR)
2.11. Cost Insurance and Freight (CIF)
3. How to use incoterms
4. Incoterms 2022?
5. Easy Road Transport and Incoterms
Incoterms:
Incoterms (International Commercial Terms) are used in the transport industry as standardized terms that define who carries the responsibility for the goods during transport. They decide who is responsible at which point in the journey from seller to buyer, but also who covers which transport costs and who carries the risks. Who is liable in case of damages? And who takes care of customs? These arrangements are internationally agreed upon by the International Chamber of Commerce (ICC) in 2020.