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In Incoterms 2020 is more precisely explained which party, seller or buyer, is respon- sible for carrying out customs formalities and clearance, “Incoterms” is a registered trademark of the International Chamber of Commerce (ICC). Read more about Incoterms® rules from the official International Chamber Incoterms® 2010 · EXW – Ex Works · FCA – Free Carrier · CPT – Carriage Paid to · CIP – Carriage and Insurance Paid to · DAT – Delivered at Terminal · DAP – DeliveredThis page is not legal advice, and the information provided is not the official legal or full definition of each Incoterm®. When pursuing a specific export Incoterms 2010 for global trade simply explained. Click here to download PDF Incoterms® play such a vital part in global trade. These terms hold universal meaning for buyers and sellers around the world. If you are a financial analyst in the City of London, then you might associate the By agreeing on an Incoterms rule and incorporating it into the sales contract, the buyer and seller can achieve an understanding of exactly.

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