Table 3 represents a summary of the principles that will be found for every Incoterm ® and is based on the FCA term. ... so FOB should not be used. As one moves down the supply chain, so do CPT, CIP, ...

Seller’s Main Obligations: These Incoterms (EXW, FCA, FAS, FOB) place most of the responsibility on the buyer. The seller simply needs to make the goods available at a designated location (EXW ...

In 2020, the ICC issued its latest set of Incoterms, which consists of seven terms that apply to any mode of transport: EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage ...

The International Chamber of Commerce has released 'Incoterms 2010R: a trend towards international multi-modal transport', which has introduced two new rules, DAT (Delivered at Terminals) and DAP ...

If you do import and export trade transactions, it’s a must to know your new INCOTERMS (International Commercial Terms used in shipping goods on land, air and sea).

In 2011, Incoterms replaced delivery at frontier with the terms delivered at terminal (DAT) and delivered at place (DAP). These terms have primarily superseded DAF.