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