Category Archives: Knowledge

What is CIF? – CIF incoterms 2020 (Cost Insurance and Freight) is the latest version of CIF ICC’s Incoterms. Cost Insurance and Freight is belong to group C (Main Carriage Paid), the seller concludes a transport contract with the forwarder and takes the costs. In this case, the seller is responsible for conducting export clearance. […]

What is CFR? – CFR incoterms 2020 (Cost and Freight) is the latest version of CFR ICC’s Incoterms. Cost and Freight is belong to group C (Main Carriage Paid), the seller concludes a transport contract with the forwarder and takes the costs. In this case, the seller is responsible for conducting export clearance. The risk is […]

What is FOB? – FOB incoterms 2020 (Free On Board) is the latest version of FOB ICC’s Incoterms. Free On Board is belong to group F (Main Carriage Unpaid) obliges the seller to perform export customs clearance. The seller does not pay transport and insurance costs. FCA, FAS, and FOB belong to this group. What […]

What is FAS? – FAS incoterms 2020 (Free Alongside Ship) is the latest version of FAS ICC’s Incoterms. Free Alongside Ship is belong to Group F (Main Carriage Unpaid) obliges the seller to perform export customs clearance. The seller does not pay transport and insurance costs. FCA, FAS, and FOB belong to this group. What […]

What is DDP? – DDP incoterms 2020 (Delivered Duty Paid) is the latest version of DDP ICC’s Incoterms. Delivered Duty Paid is belong to group Group D (Arrival) assumes that the seller is obliged to deliver the goods to a specific place or the port of destination. This group includes such Incoterms as DAP, DPU, […]

What is DPU? – DPU incoterms 2020 (Delivered at Place Unloaded) is the latest version of DPU ICC’s Incoterms. Delivered at Place Unloaded is belong to group Group D (Arrival) assumes that the seller is obliged to deliver the goods to a specific place or the port of destination. This group includes such Incoterms as […]

What is DAP? – DAP incoterms 2020 (Delivered at Place) is the latest version of DAP ICC’s Incoterms. Delivered at Place is belong to group Group D (Arrival) assumes that the seller is obliged to deliver the goods to a specific place or the port of destination. This group includes such Incoterms as DAP, DPU, […]

What is CIP? – CIP incoterms 2020 (Carriage and Insurance Paid To) is the latest version of CIP ICC’s Incoterms. Carriage and Insurance Paid To is belong to group C (Main Carriage Paid), the seller concludes a transport contract with the forwarder and takes the costs. In this case, the seller is responsible for conducting […]

What is CPT? – CPT incoterms 2020 (Carriage Paid To) is the latest version of CPT ICC’s Incoterms. Carriage Paid To is belong to group C (Main Carriage Paid), the seller concludes a transport contract with the forwarder and takes the costs. In this case, the seller is responsible for conducting export clearance. The risk is […]

What is FCA? – FCA incoterms 2020 (Free Carrier) is the latest version of FCA ICC’s Incoterms. Free Carrier is belong to group Group F (Main Carriage Unpaid) obliges the seller to perform export customs clearance. The seller does not pay transport and insurance costs. FCA, FAS, and FOB belong to this group. What is […]