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Incoterms® 2020

A quick reference for the point where responsibility, carriage cost and risk can shift between buyer and seller.

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Incoterms® 2020 reference

Incoterms are briefly described here, but the term used in a contract should always be studied in full so obligations and risks are understood.

CFR and CIF note. CFR and CIF are sea / inland waterway terms and are not suitable for containerised transport. CPT or CIP should usually be considered instead.
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Incoterms at a glance

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Incoterms 2020 infographic showing buyer and seller handoffs, risk, cost and common freight stages
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