incoterms

Cargo vessel left
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Incoterms Explained: Free on Board (FOB)

Free on Board is one of the oldest Incoterms. It dates back to when goods were carried by sailing ships and it was one of the terms when the Incoterms were first released...

Gas vessel on ocean
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Incoterms Explained: Cost, Insurance and Freight (CIF)

Since January the Incoterms 2020 are in effect. Every ten years these Incoterms are updated. You can read more about the most important changes compared to Incoterms 2010...

Package delivered
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Incoterms Explained: Delivery Duty Paid (DDP)

When goods are bought or sold “Delivery Duty Paid” (DDP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can...

Areal view ship in port
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Incoterms 2020 Now in Effect – What Are the Main Changes?

Since the new version of the Incoterms was released at the end of last year, companies could use the new terms. As it is officially 2020, the new Incoterms 2020 are now...

MSC Ship in port
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Incoterms Explained: Delivery at Place (DAP)

When goods are bought or sold “Delivery at Place” (DAP) it means that the Seller delivers the goods to a place previously agreed to by the seller and the buyer. This can...

Container hub arial view
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Incoterms Explained: Delivery at Terminal (DAT)

When goods are bought or sold “Delivery at Terminal” (DAT) it means that the Seller delivers the goods to a terminal at destination previously agreed to by the seller and...

Arial view container terminal
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Incoterms Explained: Carriage and Insurance Paid (CIP)

When goods are bought or sold “Carriage and Insurance Paid” (CIP) it means that the Seller delivers the goods to a destination previously agreed to by the seller and the...

Arial view containers
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Incoterms: New Version Released - Incoterms 2020

The International Chamber of Commerce has launched the latest version of the International Commercial Terms (Incoterms): Incoterms 2020. The new terms, which will enter...

Containers on vessel
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Incoterms Explained: Carriage Paid To (CPT)

When goods are bought or sold “Carriage Paid To” (CPT) it means that the Seller delivers the goods to a destination previously agreed to by the seller and the buyer. It...

Cosco Shipping cargo vessel
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Incoterms: What Are They?

Whether you are importing or exporting goods, and whether you are a buyer or a seller, the chances are high that you will encounter Incoterms. We will explain INCOterms...