ICC Incoterms 2020 - International Commercial Terms
Incoterms 2020, published by the International Chamber of Commerce (ICC), are internationally recognised trade terms that define the responsibilities of buyers and sellers in international and domestic commercial transactions. Effective January 1, 2020. Eleven terms in two groups: terms for any mode of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) and terms for sea and inland waterway transport (FAS, FOB, CFR, CIF). Each term specifies: delivery point, risk transfer, cost allocation, insurance, export/import customs, and documentation. Used globally in contracts, letters of credit, and trade finance.
ICC Incoterms 2020 - International Commercial Terms is a compliance framework from International (ICC) with 3 domains and 13 controls that map to 2 other frameworks. The largest domains are Rules for any mode or modes of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) – ICC Incoterms 2020 - International Commercial Terms (7 controls), Rules for sea and inland waterway transport (FAS, FOB, CFR, CIF) – ICC Incoterms 2020 - International Commercial Terms (4 controls), Using the rules: incorporation, the ten articles, the 2020 changes – ICC Incoterms 2020 - International Commercial Terms (2 controls). Every control below carries what it requires and what an assessor expects to see.
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Framework Domains (3)
Rules for any mode or modes of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) – ICC Incoterms 2020 - International Commercial Terms
| Code | Title |
|---|---|
| icc-incoterms-2020-international-commercial-terms::CIP | CIP Carriage and Insurance Paid To (insert named place of destination) |
| icc-incoterms-2020-international-commercial-terms::CPT | CPT Carriage Paid To (insert named place of destination) |
| icc-incoterms-2020-international-commercial-terms::DAP | DAP Delivered at Place (insert named place of destination) |
| icc-incoterms-2020-international-commercial-terms::DDP | DDP Delivered Duty Paid (insert named place of destination) |
| icc-incoterms-2020-international-commercial-terms::DPU | DPU Delivered at Place Unloaded (insert named place of destination) |
| icc-incoterms-2020-international-commercial-terms::EXW | EXW Ex Works (insert named place of delivery) |
| icc-incoterms-2020-international-commercial-terms::FCA | FCA Free Carrier (insert named place of delivery) |
Rules for sea and inland waterway transport (FAS, FOB, CFR, CIF) – ICC Incoterms 2020 - International Commercial Terms
| Code | Title |
|---|---|
| icc-incoterms-2020-international-commercial-terms::CFR | CFR Cost and Freight (insert named port of destination) |
| icc-incoterms-2020-international-commercial-terms::CIF | CIF Cost Insurance and Freight (insert named port of destination) |
| icc-incoterms-2020-international-commercial-terms::FAS | FAS Free Alongside Ship (insert named port of shipment) |
| icc-incoterms-2020-international-commercial-terms::FOB | FOB Free on Board (insert named port of shipment) |
Using the rules: incorporation, the ten articles, the 2020 changes – ICC Incoterms 2020 - International Commercial Terms
| Code | Title |
|---|---|
| icc-incoterms-2020-international-commercial-terms::INC | Incorporate the chosen rule with the year and a precisely named place, and use the right rule for the mode |
| icc-incoterms-2020-international-commercial-terms::VAR | Caution with variants: state the intended effect of any alteration |
Maps to 2 other frameworks
Coverage is not the same as your position
This page shows what ICC Incoterms 2020 - International Commercial Terms overlaps with in general. Where your organisation actually stands, against the standard you are going for and the certifications you already hold, is a different question. Same graph and the same recorded refutations, scoped to you rather than to a pair.
The Compliance Position Diagnostic, $5,000 fixed, ten business daysWhat is ICC Incoterms 2020 - International Commercial Terms and who does it apply to?
ICC Incoterms 2020 - International Commercial Terms is a compliance framework from International (ICC) with 3 domains and 13 controls. Incoterms 2020, published by the International Chamber of Commerce (ICC), are internationally recognised trade terms that define the responsibilities of buyers and sellers in international and domestic commercial transactions. Effective January 1, 2020. Eleven terms in two groups: terms for any mode of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) and terms for sea and inland waterway transport (FAS, FOB, CFR, CIF). Each term specifies: delivery point, risk transfer, cost allocation, insurance, export/import customs, and documentation. Used globally in contracts, letters of credit, and trade finance. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
What does ICC Incoterms 2020 - International Commercial Terms actually require?
ICC Incoterms 2020 - International Commercial Terms has 13 controls organised across 3 domains. The largest domains are Rules for any mode or modes of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) – ICC Incoterms 2020 - International Commercial Terms (7 controls), Rules for sea and inland waterway transport (FAS, FOB, CFR, CIF) – ICC Incoterms 2020 - International Commercial Terms (4 controls), Using the rules: incorporation, the ten articles, the 2020 changes – ICC Incoterms 2020 - International Commercial Terms (2 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
If I already comply with another framework, how much of ICC Incoterms 2020 - International Commercial Terms do I already cover?
ICC Incoterms 2020 - International Commercial Terms maps to 2 other compliance frameworks. The top mapping partners are GS1 Global Standards - Supply Chain Traceability and Data Security (10% coverage), US Automated Commercial Environment (ACE) - CBP Trade Data Requirements (5% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I implement ICC Incoterms 2020 - International Commercial Terms?
Start your ICC Incoterms 2020 - International Commercial Terms compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about ICC Incoterms 2020 - International Commercial Terms requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 13 controls and track your progress.
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