This page is designed to provide a basic level of understanding of Incoterms ® 2020 Rules published by the International Chamber of Commerce (ICC)
Incoterms 2020EXW Ex Works FCA Free Carrier FAS Free Alongside Ship FOB Free on Board CFR Cost and Freight CIF Cost, Insurance and Freight CIP Carriage and Insurance Paid Тo DAP Delivered at Place DPU Delivered Named Place Unloaded DDP Delivered Duty Paid
Incoterms 2010DAT Delivered at Terminal
DDU - Delivered Duty Unpaid (named place of destination)
The meaning of it is that the delivery is completed for the supplier when the goods are delivered to the recipient at the indicated destination. Supplier must pay all export duties and costs for the delivery of the goods to the specified destination. Supplier pays export duty, packaging the goods and transportation of the cargo to the port, loads the goods on board, hires and pays the ship, provides the relevant documentation, and also pays for delivery to the final destination. Recipient insures the goods at will, pays import duty, relevant certificates, licenses, etc. and unloads a vehicle on spot. DDU is used to transport goods by any means of transport.
Who covers the logistics charges?
Distribution of costs according to the Incoterm negotiated in the contract. Classification according to the increased level of obligations for the seller.