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.

Helia Rocha
Author

Helia Rocha

SALES DEPARTMENT

I have been with World Ocean Cargo Ibérica since late 2009. I have worked in the administration, export, and import departments. I have managed all types of shipments by sea, air, land, and cross trades. I worked for a season in Finland supporting an agent with shipments for clients we had in common. Having worked directly with freight forwarders around the world has given me an understanding of international door-to-door logistics.

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