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Essential information’s.

INCO TERMS 2020

(Chart of Responsibility)

Incoterms 2020 rules define the responsibilities of buyers and sellers for the delivery of goods under sale contracts.
They are the authoritative rules for determining how costs and risks are allocated to the parties. Incoterms 2020 rules are regularly incorporated into sale contracts worldwide and have become part of the daily language of trade.

Obligations & Charges:
	EXW	FCA	FAS	FOB	CFR	CIF	CPT	CIP	DAP	DPU	DDP
	Ex Works (Place)	Free Carrier (Place)	Free Alongside Ship (Place)	Free On Board (Port)	Cost and Freight (Port)	Cost Insurance & Freight (Port)	Carriage Paid To (Place)	Carriage & Insurance Paid to (Place)	Delivered at Place (Place)	Delivered at Place Unloaded (Place)	Delivered Duty Paid (Place)
Export Packaging
Loading Charges
Delivery to Port/Place
Export Duty, Taxes & Customs Clearance
Origin Terminal Charges
Loading on Carriage
Carriage Charges
Insurance						*		**
Destination Terminal Charges
Delivery to Destination
Unloading at Destination
Import Duty, Taxes & Customs Clearance

* CIF requires at least an insurance with the minimum cover of the Institute Cargo Clause (C) (Number of listed risk, subject to itemized exclusions)
** CIP now requires at least an insurance with the minimum cover of the Institute Cargo Clause (A) (All risk, subject to itemized exclusions)

DANGEROUS GOODS

HAZARDOUS CLASSIFICATION – 9 CLASSES