ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—CPT Carriage paid to The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the CPT Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—CPT Carriage paid to. CPT (insert named place of destination) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. ‘Carriage Paid to’ means that the seller delivers the goods to the carrier or another person nominated by the seller at an agreed place (if any such place is

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—DAP Delivered at place The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the DAP Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—DAP Delivered at place. DAP (insert named place of destination) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. ‘Delivered at Place’ means that the seller delivers when the goods are placed at the disposal of the buyer on the arriving means of transport ready for unloading

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—EXW Ex works The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. Incoterms® 2020 rules have replaced the DAT Incoterm with the DPU Incoterm, see Practice Note: Incoterms® 2020 Rules—DPU Delivered at Place Unloaded. DAT (insert named terminal at port or place of destination) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. ‘Delivered at Terminal’ means that the seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the disposal

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—DDP Delivered duty paid The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the DDP Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—DDP Delivered duty paid. DDP (insert named place of destination) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. ‘Delivered Duty Paid’ means that the seller delivers the goods when the goods are placed at the disposal of the buyer, cleared for import on the arriving means

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—EXW Ex works The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the EXW Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—EXW Ex works. EXW (insert named place of delivery) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. It is suitable for domestic trade, while FCA is usually more appropriate for international trade. ‘Ex Works’ means that the seller delivers when it places the goods at the disposal of the buyer at

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—FAS Free alongside ship The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the FAS Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—FAS Free alongside ship. FAS (insert named port of shipment) Incoterms® 2010 Guidance note This rule is to be used only for sea or inland waterway transport. ‘Free Alongside Ship’ means that the seller delivers when the goods are placed alongside the vessel (eg, on a quay or a barge) nominated by the buyer at the named port of shipment. The risk of loss of or damage to the

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—FCA Free Carrier The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the FCA Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—FCA Free Carrier. FCA (insert named place of delivery) Incoterms® 2010 Guidance note This rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. ‘Free Carrier’ means that the seller delivers the goods to the carrier or another person nominated by the buyer at the seller’s premises or another named place. The parties are well advised

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020 Rules—FOB Free on board The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For the FOB Incoterm applicable from 1 January 2020, see Practice Note: Incoterms® 2020 Rules—FOB Free on board. FOB (insert named port of shipment) Incoterms® 2010 Guidance note This rule is to be used only for sea or inland waterway transport. ‘Free on Board’ means that the seller delivers the goods on board the vessel nominated by the buyer at the named port of shipment or procures the goods already so delivered. The risk of loss of or damage to the goods passes

ARCHIVED: This Practice Note has been archived and is not maintained. For the 2020 version of the rule, see: Incoterms® 2020—introduction The ICC publications are produced here with the permission of ICC Publishing SA. These and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2010 rules were replaced by Incoterms® 2020 rules with effect from 1 January 2020. For information on the Incoterms® 2020 rules applicable from 1 January 2020, see Practice Note: Incoterms® 2020—Introduction. Foreword By Rajat Gupta, ICC Chairman The global economy has given businesses broader access than ever before to markets all over the world. Goods are sold in more countries, in larger quantities, and in greater variety. But as the volume and complexity of global sales increase, so do possibilities for misunderstandings and costly disputes when sale contracts are not adequately drafted. The Incoterms® rules, the ICC rules on the use of domestic and

This Practice Note comprises the guidance note to the CFR Cost and freight Incoterm in the Incoterms® 2020 rules, produced here with the permission of ICC Publishing SA. Incoterms® 2020 rules and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2020 rules came into force on 1 January 2020, and updated the Incoterms® 2010 rules to reflect changes to the market over the last decade. For the CFR Incoterm valid up until that date, see Practice Note: Incoterms® 2010 Rules—CFR Cost and freight [Archived]. CFR (insert named port of destination) Incoterms® 2020 Explanatory notes for users 1. Delivery and risk ‘Cost and Freight’ means that the seller delivers the goods to the buyer • on board the vessel • or procures the goods already so delivered. The risk of loss of or damage to the goods transfers when the goods are on board the vessel, such

This Practice Note comprises the guidance note to the CIF Cost insurance and freight Incoterm in the Incoterms® 2020 rules, produced here with the permission of ICC Publishing SA. Incoterms® 2020 rules and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2020 rules came into force on 1 January 2020, and updated the Incoterms® 2010 rules to reflect changes to the market over the last decade. For the CIF Incoterm valid up until that date, see Practice Note: Incoterms® 2010 Rules—CIF Cost insurance and freight [Archived]. CIF (insert named port of destination) Incoterms® 2020 Explanatory notes for users 1. Delivery and risk ‘Cost, Insurance and Freight’ means that the seller delivers the goods to the buyer • on board the vessel • or procures the goods already so delivered The risk of loss of or damage to the goods transfers when the goods are

This Practice Note comprises the guidance note to the CIP Carriage and insurance paid to Incoterm in the Incoterms® 2020 rules, produced here with the permission of ICC Publishing SA. Incoterms® 2020 rules and other ICC publications are available from ICC Publishing SA, 33-43 avenue du Président Wilson, 75116 Paris, France and from ICC United Kingdom, 1st Floor, 1-3 Staple Inn London, WC1V 7QH, United Kingdom, and www.iccwbo.org. Incoterms® 2020 rules came into force on 1 January 2020, and updated the rules to reflect changes to the market over the last decade. For the CIP Incoterm valid up until that date, see Practice Note: Incoterms® 2010 Rules—CIP Carriage and insurance paid to [Archived]. CIP (insert named place of destination) Incoterms® 2020 Explanatory notes for users ‘Carriage and Insurance Paid to’ means that the seller delivers the goods—and transfers the risk—to the buyer • by handing them over to the carrier • contracted by the seller • or by procuring the goods so delivered. • the seller may do so by giving the carrier