In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…
Incoterms deals with several aspects of trade such as : General obligations Transfer of risks Delivery Carriage Insurance Delivery and transportation documents Export clearance Import clearance Cost allocation between buyer…
THC, or terminal handling charges is a term used to refer to the collection of costs and fees related to using the port terminal facility. Terminal handling charges are usually…
Delivered Duty Paid or DDP, is the only Incoterm that requires the seller to act as the importer of record in the buyer's country. Buyer's typically opt to trade on…
EXW Incoterms 2020 : A Few Quick Points Ex Works (EXW) Incoterms can be used for all modes of transport and even when there are multiple modes of transport involved…
DAP Incoterms 2020 : A Few Quick Points Delivered At Place (DAP) Incoterms can be used for all modes of transport and even when there are multiple modes of transport…
CIF Incoterms 2020 : A Few Quick Points Cost Insurance and Freight (CIF) Incoterms can be used for sea transport, including inland waterway Risk transfers from seller to buyer when…
FCA Incoterms 2020 : A Few Quick Points Free Carrier (FCA) Incoterms can be used for all modes of transport. Risk transfers from seller to buyer when the carrier collects…
DPU Incoterms 2020 : A Few Quick Points Delivered at Place Unloaded (CIP) Incoterms can be used for all modes of transport and even when there are multiple modes of…
