Incoterms 2020 — All 11 Terms
FOB ≠ FOB Origin. The US domestic convention "FOB Origin" (risk transfers at seller's dock) is NOT the same as Incoterms FOB (risk transfers when goods are on board the vessel). These are different things. When quoting international shipments, always specify "Incoterms 2020" to avoid ambiguity.
| Code | Name | Mode | Risk Transfers | Seller Pays |
|---|
| E Terms — Departure — minimum seller obligation |
| EXW | Ex Works | Any | At seller's premises (factory, warehouse, mill) | Make goods available at named place |
| F Terms — Main carriage unpaid — seller delivers to carrier |
| FCA | Free Carrier | Any | When delivered to named carrier or place | Export clearance · Delivery to named place/carrier |
| FAS | Free Alongside Ship | Sea | When goods placed alongside vessel at named port | Export clearance · Delivery alongside vessel |
| FOB | Free On Board | Sea | When goods loaded on board vessel at named port | Export clearance · Delivery to port … |
| C Terms — Main carriage paid — seller arranges freight |
| CPT | Carriage Paid To | Any | When goods handed to first carrier | Export clearance · Main carriage freight to named destination |
| CIP | Carriage & Insurance Paid To | Any | When goods handed to first carrier | Export clearance · Main carriage freight … |
| CFR | Cost & Freight | Sea | When goods on board vessel at port of shipment | Export clearance · Loading onto vessel … |
| CIF | Cost, Insurance & Freight | Sea | When goods on board vessel at port of shipment | Export clearance · Loading … |
| D Terms — Arrival — maximum seller obligation |
| DAP | Delivered At Place | Any | At named destination, ready for unloading | Export clearance · All freight to named destination … |
| DPU | Delivered at Place Unloaded | Any | At named destination, after unloading | Export clearance · All freight … |
| DDP | Delivered Duty Paid | Any | At named destination, duties paid | Export clearance · All freight … |
Tap any row to see full term detail.
Risk Transfer Spectrum
Max Buyer RiskRisk shifts to buyer earlier ←→ laterMax Seller Risk
EXWFCAFASFOBCFR/CIFCPT/CIPDAPDPUDDP