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23-12-2024

Classification of incoterms:

Classification of incoterms:

Classification of incoterms:

EXW (Ex Works or Ex Factory).

FCA (Free Carrier or Free Carrier).

CPT (Carriage Paid To) .

CIP (Carriage and Insurance Paid To) .

DAP (Delivered At Place).

 

Incoterms for multimodal transport:

The following incoterms can be used for intermodal transport, that is, a combination of at least two modes of transport, be it sea, air, land, rail, etc.

EXW (Ex Works).

FCA (Free Carrier).

CPT (Carriage Paid To).

CIP (Carriage and Insurance Paid to).

DAT (Delivered At Terminal).

DAP (Delivered At Place).

DDP (Delivery Duty Paid).

 

Incoterms for sea or land transport:

However, these incoterms are only suitable for sea or land transport.

FAS (Free Alongside Ship).

CFR (Cost and Freight).

FOB (Free On Board).

CIF (Cost, Insurance, and Freight).

 

Recommendations:

EXW: Rule more appropriate for domestic rather than foreign operations.

Place: CONCRETION “[Chosen rule] designated place, Incoterms© 2020”.

FOB/CIF: Not recommended with containers. They are maritime rules.

Variants: Do not innovate or alter. Use the rules according to their meaning.

Contact

Author

Helia Rocha

SALES DEPARTMENT
I have more than 13 years of experience in the freight forwarding sector and in World Ocean Cargo Ibérica, managing export, import and cross trades shipments, both sea, air and land. Thanks to having attended different international conferences and having worked directly with freight forwarders all over the world, I am familiar with international door to door logistics. Currently in the commercial position within the company and occasionally managing traffic issues.