Incoterms 2024 Chart PDF Free Download

Incoterms 2021 Chart PDF

Incoterms 2024 Chart: free PDF download, standardized guide outlining responsibilities in international trade.

Contents
1 What are the types of incoterms?
2 Incoterms 2024 Chart
2.1 Rules for any mode of transport

An Incoterm (International Commercial Term) is a set of rules that helps buyers and sellers determine responsibilities for expenses such as transportation, insurance, and import/export fees when conducting international transactions. This standard prevents misunderstandings and disputes between parties.

Incoterms comprise a widely recognized set of 11 rules that delineate the responsibilities of sellers and buyers in international trade. These rules specify which party is accountable for payment and management of shipment, insurance, documentation, customs clearance, and other logistical activities.

What are the types of incoterms?

There are 11 types of Incoterms that define the responsibilities of buyer and seller in international trade. Each type is divided into four groups: E, F, C and D

  1. Incoterms for any mode or modes of transport:

This group includes the following Incoterms that can be used for any mode of transportation, including road, rail, air, and sea:

  • EXW (Ex Works)
  • FCA (Free Carrier)
  • CPT (Carriage Paid To)
  • CIP (Carriage and Insurance Paid To)
  • DAP (Delivered at Place)
  • DPU (Delivered at Place Unloaded)
  • DDP (Delivered Duty Paid)
  1. Incoterms for sea and inland waterway transport:

This group includes the following Incoterms that are specifically designed for the delivery of goods by sea or inland waterway:

  • FAS (Free Alongside Ship)
  • FOB (Free on Board)
  • CFR (Cost and Freight)
  • CIF (Cost, Insurance, and Freight)

Incoterms 2024 Chart

“The Incoterms® 2024 Rules, the 9th revision, came into effect on January 1st, 2020. Incoterms® has been adopted by over 120 countries.”

See also  [PDF] CTET Question Paper with Answer Key 2021 PDF
Incoterms 2024Loading at originExport customs declarationCarriage to port of exportUnloading of truck in port of exportLoading on vessel/airplane in port of exportCarriage (sea/air) to port of importInsuranceUnloading in port of importLoading on truck in port of importCarriage to place of destinationImport customs clearanceImport duties and taxesUnloading at destination
EXWBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyer
FCASellerSellerBuyer/SellerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyer
FASSellerSellerSellerSellerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyer
FOBSellerSellerSellerSellerSellerBuyerBuyerBuyerBuyerBuyerBuyerBuyerBuyer
CPTSellerSellerSellerSellerSellerSellerBuyerBuyer/SellerBuyer/SellerSellerBuyerBuyerBuyer
CFRSellerSellerSellerSellerSellerSellerBuyerBuyerBuyerBuyerBuyerBuyerBuyer
CIFSellerSellerSellerSellerSellerSellerSellerBuyerBuyerBuyerBuyerBuyerBuyer
CIPSellerSellerSellerSellerSellerSellerSellerBuyer/SellerBuyer/SellerSellerBuyerBuyerBuyer
DPUSellerSellerSellerSellerSellerSellerSellerSellerSellerSellerBuyerBuyerSeller
DAPSellerSellerSellerSellerSellerSellerSellerSellerSellerSellerBuyerBuyerBuyer
DDPSellerSellerSellerSellerSeller







Incoterms 2020 Chart

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Rules for any mode of transport

  1. EXW (Ex Works): The seller makes the goods available at their premises, and the buyer is responsible for all transportation costs and risks from that point on.
  2. FCA (Free Carrier): The seller delivers the goods to a carrier or another person nominated by the buyer at a named place, and the buyer is responsible for all transportation costs and risks from that point on.
  3. CPT (Carriage Paid To): The seller is responsible for the transportation costs to the named place of destination, and the buyer is responsible for all risks from that point on.
  4. CIP (Carriage and Insurance Paid To): The seller is responsible for the transportation costs and insurance to the named place of destination, and the buyer is responsible for all risks from that point on.
  5. DAP (Delivered at Place): The seller is responsible for the delivery of goods to the named place of destination, but the buyer is responsible for unloading and all risks from that point on.
  6. DPU (Delivered at Place Unloaded): The seller is responsible for the delivery of goods to the named place of destination and unloading, but the buyer is responsible for all risks from that point on.
  7. DDP (Delivered Duty Paid): The seller is responsible for all costs and risks of delivering the goods to the named place of destination, including import duties and taxes.

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