Incoterms

Incoterms, widely-used terms of sale, are a set of 11 internationally recognized rules which define the responsibilities of sellers and buyers. Incoterms specify who is responsible for paying for and managing the shipment, insurance, documentation, customs clearance, and other logistical activities.

The seven Incoterms® 2020 rules for any mode(s) of transport are:

 EXW - Ex Works (insert place of delivery)

FCA  - Free Carrier (Insert named place of delivery)

 CPT  – Carriage Paid to (insert place of destination)

CIP -  Carriage and Insurance Paid To (insert place of destination)

 DAP - Delivered at Place (insert named place of destination)

DPU - Delivered at Place Unloaded (insert of place of destination)

DDP - Delivered Duty Paid (Insert place of destination).

Note: the DPU Incoterms replaces the old DAT, with additional requirements for the seller to unload the goods from the arriving means of transport.

The four Incoterms® 2020 rules for Sea and Inland Waterway Transport are:

FAS - Free Alongside Ship (insert name of port of loading)

FOB - Free on Board (insert named port of loading)

CFR - Cost and Freight (insert named port of destination)

CIF -  Cost Insurance and Freight (insert named port of destination)

Buying from WELKEN, what incoterms can I choose? Please contact us for more details.

Aria Sun

Marst Safety Equipment (Tianjin) Co., Ltd

ADD: No. 36, Fagang South Road, Shuanggang Town, Jinnan District, Tianjin,China(In the Tianjin Cao’s Bend Pipe Co.,Ltd Yard)

TEL：+86 189 207 35386 Email: aria@chinamarst.com