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

International Chamberof Commerce

Follow us

  • Contact us
  • Find a document
  • Become a member
  • Careers
  • More sites

Home » Find a document » Incoterms® 2020 practical free wallchart

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.

RULES FOR ANY MODE OR MODES OF TRANSPORT

  • 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

RULES FOR SEA AND INLAND WATERWAY TRANSPORT

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

Before download, kindly note:

  • The content of the wallchart should not be altered, proportions or colors of the Incoterms® 2020 practical free wallchart should remain as now (i.e. do not remove or change the colours, do not stretch the Logo to make it taller or wider, do not alter the logo, do not remove the logo, etc) unless express and written permission is obtained from ICC.
  • 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

Free Incoterms® 2020 introduction

How best to choose the right Incoterms® rule for the particular sale contract; and sets out the central changes between Incoterms® 2010 and Incoterms® 2020?

(Video) Incoterms® 2020 Explained for Import Export Global Trade

Also viewed

  • Free Incoterms® 2020 introduction

Related news and speeches

  • Incoterms® 2020 app gets makeover to enable traders worldwide
  • COVID-19: 7 resources to help small business
  • 12 ways ICC enabled business to work for people and planet in 2019
  • 6 reasons to download ICC’s Incoterms 2020 app
  • ICC releases Incoterms® 2020

    Tweets by iccwbo

    Respecting your privacy

    We use necessary cookies to make our site work. We'd also like to set optional cookies to optimize site functionality and to give you the most relevant experience. We won't set optional cookies unless you enable them. Using this tool will set a cookie on your device to remember your preferences.

    Privacy Overview

    ICC uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website.

    These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.

    View ICC privacy policy

    (Video) ICC Incoterms®2020 - what you need to know

    

    Necessary

    Always Enabled

    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

    CookieTypeDurationDescription
    cli_user_preference011 monthsStores the user’s consent on the current domain.
    cookielawinfo-checkbox-analytics011 monthsThis cookies is set by GDPR Cookie Consent WordPress Plugin. The cookie is used to remember the user consent for the cookies under the category "Analytics".
    cookielawinfo-checkbox-necessary011 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-non-necessary011 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Non Necessary".
    cookielawinfo-checkbox-performance01 yearThis cookie is set by GDPR Cookie Consent plugin. The purpose of this cookie is to check whether or not the user has given the consent to the usage of cookies under the category 'Performance'.
    cookielawinfo-checkbox-performance01 yearThis cookies is set by GDPR Cookie Consent WordPress Plugin. The cookie is used to remember the user consent for the cookies under the category "Performance".
    CookieLawInfoConsent011 monthsThe cookie is used to store a summary of the consent given for the use of cookies.
    JSESSIONID1Used by sites written in JSP. General purpose platform session cookies that are used to maintain users' state across page requests.
    mobile0SessionThis is a Microsoft SharePoint cookie for internal use of the application.
    PHPSESSID0SessionThis cookie is native to PHP applications. The cookie is used to store and identify a users' unique session ID for the purpose of managing user session on the website. The cookie is a session cookies and is deleted when all the browser windows are closed.
    SERVERID567015 minutesSession cookie that expires when the page is closed. The operation of the host requires the presence of this cookie corresponding to a number of "SERVERIDES" servers to ensure the proper loading of the site.
    viewed_cookie_policy011 monthsThe cookie is defined by the GDPR Cookie Consent plugin and is used to store whether or not the user has consented to the use of cookies. It does not store any personal data.
    WSS_FullScreenMode0sessionThis is a Microsoft SharePoint cookie for internal use of the application to indicate whether a page is shown in full screen mode. This cookie expires when you close your browser.

    The audience measurement services used to generate useful statistics attendance to improve the site.

    CookieTypeDurationDescription
    _pk_id.nnnnn013 monthsMatomo cookies: used to store a few details about the user such as the unique visitor ID.
    _pk_ref.nnnnn06 monthsMatomo cookies: used to store the attribution information, the referrer initially used to visit the website.
    _pk_ses.nnnnn030 minutesMatomo cookies: short-lived cookies used to temporarily store data for the visit.
    matomo_ignore012 monthsMatomo cookies: this is set if visitors opt-out of website analytics so we remember your preferences.

    Functionality

    (Video) ICC Livecast - Drafting the Incoterms® 2020 Rules

    Functionality cookies allow websites to remember the user’s site preferences and choices they make on the site including username, region, and language. This allows the website to provide personalized features like local news stories and weather if you share your location.

    CookieTypeDurationDescription
    cuvid02 yearsThis cookie istypically written to the browser upon the first visit to the sitefromthat web browser. If the cookie has been deleted by the browser operator, and the browser subsequently visits the site, a new __cuvid cookie is written with a different visitor unique ID. This cookie is used to determine unique visitors to the site and it is updated with each page view. Additionally, this cookie is provided with a unique ID that the application uses to ensure both the validity and accessibility of the cookie as an extra security measure.
    cuvon030 minutesUsed to signalthe last time a visitor viewed a page.
    lang0SessionThis cookie is used to store the language preferences of a user to serve up content in that stored language the next time user visit the website.
    pum-(numbrer)session1 dayThis cookie is deposited by the “popup maker” plugin. These cookies are of the form pum- (number). For each "popup window" that is offered on the site, there is a cookie with a different number. These cookies allow you to manage the repeated display of popups in the browser by not showing this popup again if you have closed it.

    A set of cookies to collect information and report about website usage statistics without personally identifying individual visitors.

    CookieTypeDurationDescription
    sc_anonymous_id09 yearsSoundcloud Cookie. This cookie allows users to embed files or other content onto the website, this function can be limited to specific visitors.
    uid01 yearThis cookie is used to measure the number and behavior of the visitors to the website anonymously. The data includes the number of visits, average duration of the visit on the website, pages visited, etc. for the purpose of better understanding user preferences for targeted advertisments.
    UIDR01 yearThe cookie is used to tracks the users activity across the internet on the browser such as visit timestamp, IP address, and most recently visited webpages. and may the data send to 3rd party for analysis and reporting to help their clients better understand user preferences.

    Third-party

    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, advertisement, targeting, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

    CookieTypeDurationDescription
    amiandoCRT11 yearXing-event: pending
    anonymousToken15 monthsXing-event: pending
    AWSALB0SessionA cookie generated by the Application load AWS ELB (Elastic Load Balancer) - Used for managing sticky sessions across production servers.
    AWSALBCORS0SessionThis cookie is managed by AWS and is used for load balancing.
    bcookie02 yearsThis cookie is set by linkedIn. The purpose of the cookie is to enable LinkedIn functionalities on the page. This is a Microsoft MSN 1st party cookie for sharing the content of the website via social media.
    bscookie12 yearsUsed by the social networking service, LinkedIn, for tracking the use of embedded services.
    f_idthird party365 daysFeathr retargeting: A 24 character hexadecimal text value stored for the purpose of browser identification across sessions.
    feathr_session_idthird party1 hourFeathr retargeting: A 24 character hexadecimal text value stored for relating a set of web activity with a web session.
    GPS030 minutesThis cookie is set by Youtube and registers a unique ID for tracking users based on their geographical location.
    lidc01 dayThis cookie is set by LinkedIn, used for routing and to store performed actions on the website.
    lissc01 yearThis cookie used for Sign-in with Linkedin and/or for Linkedin follow feature.
    org.springframework.web.servlet.i18n.CookieLocaleResolver.LOCALE1LocaleResolver implementation that uses a cookie sent back to the user in case of a custom setting, with a fallback to the specified default locale or the request's accept-header locale. This is particularly useful for Xing for stateless applications without user sessions.
    VISITOR_INFO1_LIVE16 monthsThis cookie is set by Youtube. Used to track the information of the embedded YouTube videos on a website.
    YSC1SessionThis cookies is set by Youtube and is used to track the views of embedded videos.
    (Video) Who is the International Chamber of Commerce? ICC
    (Video) INCOTERMS 2020 + Tagalog Explanation! #LCBInTheMaking2021

    FAQs

    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? ›

    Export
    • 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.

    Videos

    1. Incoterms 2020 Basics Training
    (The Scarbrough Group)
    2. Incoterms 2020 Explained [Complete Guide]
    (Import Export USA)
    3. Incoterms 2020 | Urdu | ICC Incoterms 2020 | Modes of Transportation in International Trade |
    (Waheed Liaquat)
    4. Lesson 15 FOB part 1
    (Bob R)
    5. ICC Incoterms® 2010 online training - 6 hours of interactive online instruction and training
    (International Chamber of Commerce (ICC))
    6. INCOTERMS 2020
    (ISM-INDIA)
    Top Articles
    Latest Posts
    Article information

    Author: Sen. Emmett Berge

    Last Updated: 12/13/2022

    Views: 6566

    Rating: 5 / 5 (60 voted)

    Reviews: 83% of readers found this page helpful

    Author information

    Name: Sen. Emmett Berge

    Birthday: 1993-06-17

    Address: 787 Elvis Divide, Port Brice, OH 24507-6802

    Phone: +9779049645255

    Job: Senior Healthcare Specialist

    Hobby: Cycling, Model building, Kitesurfing, Origami, Lapidary, Dance, Basketball

    Introduction: My name is Sen. Emmett Berge, I am a funny, vast, charming, courageous, enthusiastic, jolly, famous person who loves writing and wants to share my knowledge and understanding with you.