Incoterms 2020 delivery terms

Incoterms set out who does what between seller and buyer on delivery, risk, transport and insurance. The current version is the ICC's Incoterms 2020, with 11 rules: 7 for any mode of transport and 4 for sea and inland waterway only. The Incoterm on the invoice should match the Nafeza data and the bill of lading.

any mode of transport

• EXW: the seller makes the goods available at its premises; the buyer handles loading, export clearance and all transport.
• FCA: the seller delivers export-cleared goods to the buyer's carrier at the named place.
• CPT: the seller pays carriage to the named destination, but risk passes when goods are handed to the first carrier.
• CIP: as CPT plus seller-arranged insurance; the 2020 rules require a higher level of cover.
• DAP: the seller brings the goods to the named place, ready for unloading; the buyer handles import clearance and duties.
• DPU: the seller delivers and unloads at the named place; it replaced DAT in the 2020 rules.
• DDP: the seller bears all transport, risk, import clearance and duties.

sea and inland waterway only

• FAS: the seller places the goods alongside the buyer's vessel at the port of shipment.
• FOB: risk passes when goods are loaded on the buyer's vessel at the port of shipment; the buyer pays ocean freight.
• CFR: the seller pays ocean freight to the destination port, but risk passes on loading at the port of shipment.
• CIF: as CFR plus seller-arranged minimum insurance cover.

Related documents

• ACI pre-registration and ACID number
• Commercial invoice

Import guides

• Importing from China to Egypt: an overview of the steps
• The basic idea of Egyptian import tariffs
• How to verify a Chinese supplier
• Common mistakes when importing from China to Egypt

Sources

• ICC · Incoterms 2020 · iccwbo.org
• Wikipedia · Incoterms · en.wikipedia.org
• CargoX help · documents required for Egypt ACI · cargox.help

Note

This is an overview, not legal advice; the latest rules of the Egyptian authorities prevail.

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