Incoterms® 2020 practical free wallchart - ICC - International Chamber of Commerce (2023)

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Incoterms® 2020 practical free wallchart - ICC - International Chamber of Commerce (2)

Incoterms® 2020 practical A4 chart outlines the obligations, costs and risks of the buyer and seller under each of the 11 Incoterms® rules. The handy chart can be easily printed and kept as a reference guide.

Incoterms® 2020 practical A4 chart outlines the obligations, costs and risks of the buyer and seller under each of the 11 Incoterms® rules. The handy chart can be easily printed and kept as a reference guide.


  • EXW | Ex Works
  • FCA | Free Carrier
  • CPT | Carriage Paid To
  • CIP | Carriage and Insurance Paid To
  • DAP | Delivered at Place
  • DPU | Delivered at Place Unloaded
  • DDP | Delivered Duty Paid


  • FAS | Free Alongside Ship
  • FOB | Free On Board
  • CFR | Cost and Freight
  • CIF | Cost Insurance and Freight

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  • Don’t use the Incoterms® 2020 practical free wallchart in any manner that is detrimental to the reputation of the Incoterms® Rules or ICC.
  • Don’t use the Incoterms® 2020 practical free wallchart to imply association with or sponsorship by ICC, unless express and written permission is obtained from ICC.

Any use of the Incoterms® 2020 practical free wallchart in any manner contrary to the above Policy will be considered unauthorised use, unless written permission was obtained from ICC. ICC may take whatever action it deems necessary to prevent such unauthorised use.

Incoterms® 2020 practical free wallchart - ICC - International Chamber of Commerce (3)This chart is not intended to be used alone, and should always be used in conjunction with the Incoterms® 2020 rule book.
Learn more

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    What is incoterm ICC? ›

    The Incoterms are a set of commercial/trade rules established by the International Chamber of Commerce (“ICC”) that are used in international sale contracts. [1] The Incoterms are not mandatory rules – for them to receive legal effect, they must be explicitly incorporated by the parties into their contract.

    What are the 4 most used Incoterms? ›

    Decoding the 5 Most Common Incoterms
    • EXW (Ex Works) ...
    • DDP (Delivered Duty Paid) ...
    • FOB (Free on Board) ...
    • CIF (Cost, Insurance and Freight) ...
    • FAS (Free Alongside Ship)

    Which incoterm is best for buyer? ›

    For an international purchase operation, the most advantageous Incoterms for the importer will be DAT (Delivered At Terminal), DAP (Delivered At Place) and DDP (Delivered Duty Paid). The buyer is only responsible for customs formalities in the country of arrival, inland transport to his premises and unloading.

    What is the most important goal of Incoterms 2020? ›

    Incoterms 2020 aims to establish stronger security-related requirements than its predecessors. Now that security-related concerns are more prevalent in trade, this revision expressly provides for security-related obligations at A4 and A7 of each rule.

    What are the 11 types of Incoterms? ›

    11 Incoterms Descriptions That Will Make Your Life Easier
    • FOB (Free on Board) ...
    • FCA (Free Carrier) ...
    • EXW (Ex Works) ...
    • FAS (Free Alongside Ship) ...
    • DAP (Delivered at Place) ...
    • DAT (Delivered at Terminal) ...
    • CIF (Cost, Insurance and Freight) ...
    • CIP (Carriage and Insurance Paid to)

    What is an example of an Incoterm? ›

    Some common examples of Incoterms rules for any mode of transportation include Delivered Duty Paid (DDP), Delivered at Place (DAP), and Ex Works (EXW).

    What is the most popular Incoterm? ›

    1) CIF Cost, Insurance & Freight (named port of shipment)

    Even if it is not meant for containerized cargo, CIF is the most used Incoterm in the world. The reason is that it is a maritime Incoterm which is beneficial to both the seller and the buyer.

    What are Incoterms rules? ›

    Each Incoterm rule specifies the seller's obligations for cargo delivery and clarifies when delivery takes place. Each rule also specifies when the risk of loss or damage to the goods being exported pass from the seller to the buyer by reference to the delivery provision.

    How many types of Incoterms are there? ›

    Incoterms can be classified according to various aspects: means of transportation, insurance obligation or the responsibilities of the parties. According to the latest update to the system, there are 4 groups of Incoterms (E, F, C and D).

    Which Incoterm is best for sellers? ›

    If you are exporting and selling cargo to a foreign buyer, you may be better off with a CFR (Cost and Freight) incoterm. With CFR you have more leverage over the cargo's transit. This allows you to perform with higher customer service levels, as the freight is in your view and control until it hits the foreign port.

    Who decides Incoterms for a shipment? ›

    Shipping carrier is decided on the basis of terms of delivery contracted by exporter and importer. If cost of carriage is paid by the exporter, the carrier is decided by exporter. If importer pays freight of a consignment, the shipping carrier is decided by importer.

    What are the most current Incoterms? ›

    While Incoterms® 2020 is the most current version of the trade terms, Incoterms® 2010 is still in effect today and can be accessed under our resources for business.

    Why is it important to understand Incoterms? ›

    Since Incoterms define the monetary and procedural aspects of all international shipping practices, Incoterms are essential to ensuring proper, timely payment of goods and services. When Incoterms are not used correctly, a supply chain entity is not fully accepting payment for all goods and services.

    What are 4 categories of Incoterms 2020? ›

    • CFR (Cost and Freight)
    • CIP (Carriage and Insurance Paid to)
    • FCA (Free Carrier)
    • FAS (Free Alongside Ship)
    18 Jul 2013

    What are the benefits of Incoterms? ›

    The main advantage of Incoterms is the standardized terminology used by all companies doing international business. Specific terms or acronyms provide both carriers and buyers with clear rules, helping to avoid confusion about each party's responsibilities and cost management.

    How many terms are in shipping? ›

    Incoterms 2010 is the current set of 11 terms agreed upon and published by the International Chamber of Commerce. These guidelines are not contract or govern law, but are used to provide clarity on the expectations and responsibilities between buyers and sellers during freight deliveries.

    How do you write Incoterms? ›

    How to use the Incoterms® 2020? In order to use Incoterms®, this must be clearly stated in the contract of sale by indicating: the Incoterms® rule chosen, the port, designated place or location, followed by "Incoterms® 2020". The choice of the Incoterm® is an integral part of a commercial transaction.

    How many Incoterms are used in international trade? ›

    They are divided into 4 categories, E, C, F o D. But they can also be divided as follows: Incoterms for any mode of transport: EXW, FCA, CPT, CIP, DPU, DAP y DDP. Incoterms only for sea and inland waterway transport: FAS, FOB, CFR, CIF.

    What Incoterms does not cover? ›

    Incoterms do not cover property rights, possible force majeure situations and breach of contract. Similarly, all incoterms except the C terms do not assign responsibility for arranging insurance. Cargo insurance is, therefore, a separate cost for buyers.

    Why Incoterms are important in international trade? ›

    Incoterms ® are important because they provide a standardized set of rules that all buyers and sellers must follow when engaging in international trade. This sets clear guidelines of cost, insurance and ownership for each party.

    What is Incoterms in purchase order? ›

    Incoterms also provide guidance on import and export clearances and specific divisions of rights, risks, costs, and obligations between the two parties. Incoterms, when included in the formalized text of purchase orders, sales contracts, and other trade agreements, are legally binding.

    What is Incoterms in import export? ›

    Incoterm (International Commercial Terms) is a trading agreement rule adopted by parties of different countries, for make agreements as well as shipping contracts easier. They help to clarify who holds the responsibility, cost, and risk.

    What CIF means? ›

    Cost, insurance, and freight (CIF) is an international commerce term and only applies to goods shipped via a waterway or ocean. With cost, insurance, and freight, the seller covers the costs, insurance, and freight of a buyer's order while in transit.

    What are Incoterms and its types? ›

    Incoterms is short for 'International Commercial Terms' and is a series of commercial terms set out by the International Chamber of Commerce (ICC) relating to international commercial laws.

    Why are Incoterms important in international trade? ›

    Importance of Incoterms

    The exporter is responsible for ensuring that the cargo is supplied in complete conformity to that of the importer's order. This includes packing, labelling and transporting the cargo (if required to do so) to a place of acceptance as agreed upon by both parties.


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    4. Lesson 15 FOB part 1
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    5. ICC Incoterms® 2010 online training - 6 hours of interactive online instruction and training
    (International Chamber of Commerce (ICC))
    6. INCOTERMS 2020
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