INCOTERMS® 2020

Distribution of risk and costs between seller and buyer in international trade

Any mode of transport

EXW EX Works
Ab fabrik
RISK

Main
Delivery and transfer of risk take place when the seller places the
goods at the disposal of the buyer at the seller’s premises or
another named place (e.g. factory, warehouse, etc.) not loaded on
the collecting vehicle.

transport
The costs transfer at the time of delivery. The buyer is required to
COSTS clear the goods for export.

FCA Free CArrier

Frit fragtfører
RISK
Main
If the named place is the seller’s premises, delivery and transfer of risk
take place when the goods have been loaded on the mode of transport
provided by the carrier nominated by the buyer. If the named place is
outside the seller’s premises, delivery and transfer of risk take place
when the goods are placed at the disposal of the carrier nominated by
the buyer not unloaded from the seller’s mode of transport.
transport
The costs transfer at the time of delivery. The seller is required to clear
COSTS the goods for export.

CPT Carriage Paid To

Fragt betalt til RISK
Main
Delivery and transfer of risk take place when the goods are handed over
to the first transporter.
The seller must pay the costs and freight fees necessary to ensure the
goods arrive at the stated destination, including unloading costs, if they
are the responsibility of the seller in accordance with the transport
agreement. The seller must undertake any necessary export

CIP transport
Carriage and Insurance Paid to declarations. When the CIP clause is enacted, the seller must also take
Fragt og forsikring betalt til out transport insurance at his own cost to cover the buyer’s risk. This
COSTS insurance must be on ICC (A) "all risk" clauses.

DAP Delivered At Place

Leveret angivet plads
RISK
Main
Delivery and transfer of risk take place when the seller makes the
goods available to the buyer on the mode of transport arriving at
the destination.

transport The costs are transferred from time of delivery. The seller must
COSTS undertake any necessary export declarations.

DPU Delivered at Place Unloaded

Leveret aflæsset på angivet plads
RISK
Main
Delivery and transfer of risk take place when the seller makes the
goods available to the buyer, unloaded from the delivering mode
of transport in a terminal, port or other destination.

transport
The costs transfer at the time of delivery. The buyer is required to
COSTS clear the goods for export.

DDP Delivered Duty Paid

Leveret told betalt
RISK
Main
Delivery and transfer of risk take place when the goods are made
available to the buyer at the stated place at the destination
without being unloaded from the arriving mode of transport.

transport
The costs are transferred from time of delivery. The seller is
COSTS responsible for export and import declarations.

Sea and inland waterway transport only

FAS Free Alongside Ship
Frit ved skibsside
RISK
Main
Delivery and transfer of risk take place when the goods are placed
alongside the vessel at the named port of shipment.

transport
The costs transfer at the time of delivery. The seller is required to
COSTS clear the goods for export.

FOB
Free On Board Delivery and transfer of risk take place when the goods have
RISK
Frit ombord arrived on board the ship assigned by the buyer in the named port
Main of shipment.

transport
The costs transfer at the time of delivery. The buyer is required to
COSTS clear the goods for export.

CFR
Cost and FReight Delivery and transfer of risk take place when the goods have arrived on board
RISK the ship assigned by the buyer in the named port of shipment.
Omkostninger og fragt
Main The seller must pay the costs and freight fees necessary to ensure the goods
arrive at the stated port of destination, including unloading costs, if they are the
responsibility of the seller in accordance with the transport agreement. The
seller must undertake any necessary export declarations. When the CIF clause is

CIF Cost Insurance and Freight transport enacted, the seller must also take out transport insurance at his own cost to
cover the buyer’s risk. For CIF only ICC (C) clauses are required, but other
Omkostninger, forsikring og fragt COSTS clauses can be agreed.

Seller Buyer
Each of the trade terms should be supplied with a named Incoterms® 2020 are the rules of the International Chamber of
place of delivery, port of shipment, or port of destination, Commerce on the interpretation of trade terms. This chart
followed by Incoterms® 2020, such as: illustrates the distribution of risk and costs between seller and
• CIF [Port of Copenhagen] Incoterms® 2020 buyer in relation to Incoterms® 2020. The interpretation of
• DPU [Danske Speditører, Børsen, DK-1216 KBH K, each trade term found in the Incoterms® 2020 rule book is
Denmark] Incoterms® 2020 paramount.