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What is CIF? Cost Insurance and Freight Incoterms 2020 explanation

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

What is CFR? Cost and Freight Incoterms 2020 explanation

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

What is FOB? Free On Board Incoterms 2020 Explanation

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

What is FAS? Free Alongside Ship Incoterms 2020 explanation

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

What is DDP? Delivered Duty Paid Incoterms 2020 definition & explanation

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

What is DPU? Delivered at Place Unloaded Incoterms 2020 explanation

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

What is DAP? Delivered at Place Incoterms 2020 definition & explanation

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

What is CIP? Carriage and Insurance Paid To Incoterms 2020 explanation

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

What is CPT? Carriage Paid To Incoterms 2020 definition & explanation

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

What is FCA? Free Carrier Incoterms 2020 explanation

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