Incoterms 2020

trade documentation

Incoterms are the International Commercial Terms which are widely used around the world to standardise commercial agreements about movement of goods. They are published by the International Chamber of Commerce (ICC) and 2020 saw an update to their definitions.

Our partners at Barnsley & Rotherham Chamber of Commerce presented a summary of Incoterms 2020 to our members. Here you can download the presentation for its summary and key points.

Incoterms® 2020 ClassificationsDescription
EXWEx Works
FCAFree Carrier
FASFree Alongside Ship
FOBFree On Board
CFRCost and Freight
CIFCost, Insurance and Freight
CPTCarriage Paid To
CIPCarriage and Insurance Paid to
DAPDelivered At Place
DPUDelivered at Place Unloaded
(replacing DAT)
DDPDelivered Duty Paid
Other topics:

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