Incoterms 2020: Overview of cost and risk transfer

Clause Type

Incoterms

Cost Transfer

Risk Transfer

E Clauses

EXW (Ex Works)

at the place of delivery

at the place of delivery

F Clauses

FCA (Free Carrier)

at the place of delivery

at the place of delivery

FAS (Free Alongside Ship)

at the place of delivery

at the place of delivery

FOB (Free on Board)

at the place of delivery

at the place of delivery

C Clauses (2-Point Clauses)

CPT (Carriage Paid To)

at the destination

at the place of delivery

CIP (Carriage and Insurance Paid To)

at the destination

at the place of delivery

CFR (Cost and Freight)

at the destination

at the place of delivery

CIF (Cost, Insurance and Freight)

at the destination

at the place of delivery

D Clauses

DAP (Delivered at Place)

at the destination

at the destination

DPU (Delivered at Place Unloaded)

at the destination

at the destination

DDP (Delivered Duty Paid)

at the destination

at the destination