Page 21 - Glossary of Shipping Terms

INCOTERMS CHART

Incoterms® 2020

Responsibility Matrix – obligations of Importer (Buyer) and Exporter (Seller)

“E” Terms “F” Terms “C” Terms “D” Terms
Departure Main Carriage Paid Arrival
Main Carriage Unpaid DAP
CIF CPT Delivered
EXW FCA FAS FOB CFR Cost Carriage CIP DPU DDP
Ex-Works Cost & Carriage & Delivered at Place Delivered
Free Carrier Free Free On Freight Insurance Paid To Insurance at Place Duty Paid
(Place) (Port) Unloaded (Place)
Service (Place) Alongside Board (Port) & Freight (Place) Paid To (Place)
(Place) (Place)
Ship (Port) (Port)

Obligation and Charges

Warehousing Services Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

Export Packing Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Loading at Point of
Origin Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Inland Freight
Port Origin Charges Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Export Clearance Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Ocean/Air Freight Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
Port Charges Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller
Destination
Customs Clearance Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller

Customs Duties Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller
Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller
Unloading Charges Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Buyer Buyer

Delivery Charges to Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller
Final Destination

Marine Insurance - We highly recommend comprehensive marine insurance on all consignments irrespective of the Incoterm®. Please contact your Turners Shipping
representative for more information on the insurance product best suited for your specific requirements”

The above guidelines are in line with the Incoterms® 2020 by the International Chamber of Commerce (ICC)

Recommended Modes of Transportation

Mode Term Incoterms® Rules and Standards
EXW
FCA Ex Works (...Named Place of Delivery) Incoterms® only relate to trade terms in the contract of sale between the buyer
CPT Free Carrier (...Named Place of Delivery) and seller and do not deal with the contract for carriage or convey title.
Carriage Paid To (...Named Place of Destination)
Multi-modal Transport: CIP Carriage & Insurance Paid To (...Named Place of The roles and responsibilities listed on the front of this document can be
Air; Ocean; Rail; Road DPU Destination) altered / changed as long as there is an agreement between the buyer and
Delivered at Place Unloaded (...Named Place) seller.
DAP
Delivered at Place (...Named Place of Destination) Incoterms® do not identify where the transfer of ownership or title occur. A
DDP separate statement regarding ownership / transfer of title should be included
Delivered Duty Paid (...Named Place of Destination) on the purchase order, contract, quote, proforma invoice and or commercial
FAS invoice.
FOB
Ocean Transport CFR Free Alongside Ship (...Named Port of Shipment) Incoterms® are not all inclusive and cannot address issues such as customary
only operations of carriers, ports, trade government regulations etc.
CIF Free On Board (...Named Port of Shipment)
Incoterms® are written to reflect rather than dictate trade practices.
Cost and Freight (...Named Port of Destination)
Only two Incoterms® express when insurance is to be bought and issued – CIP
Cost, Insurance and Freight (...Named Port of and CIF.
Destination)

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