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.
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Framework Domains (3)
Rules for Any Mode of Transport
| Code | Title |
|---|---|
| CIP | Carriage and Insurance Paid To |
| CPT | Carriage Paid To |
| DAP | Delivered at Place |
| DDP | Delivered Duty Paid |
| DPU | Delivered at Place Unloaded |
| EXW | Ex Works |
| FCA | Free Carrier |
Rules for Sea and Inland Waterway Transport
| Code | Title |
|---|---|
| CFR | Cost and Freight |
| CIF | Cost, Insurance and Freight |
| FAS | Free Alongside Ship |
| FOB | Free On Board |
Seller Obligations (A1-A10)
| Code | Title |
|---|---|
| A1 | General Obligations of the Seller |
| A2 | Delivery |
| A4 | Carriage |
| A5 | Insurance |
| A9 | Allocation of Costs |
Maps to 15 other frameworks
Frequently Asked Questions
What is ICC Incoterms 2020 — International Commercial Terms?
ICC Incoterms 2020 — International Commercial Terms is a compliance framework from International (ICC) with 3 domains and 16 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.
How many controls does ICC Incoterms 2020 — International Commercial Terms have?
ICC Incoterms 2020 — International Commercial Terms has 16 controls organised across 3 domains. The largest domains are Rules for Any Mode of Transport (7 controls), Seller Obligations (A1-A10) (5 controls), Rules for Sea and Inland Waterway Transport (4 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does ICC Incoterms 2020 — International Commercial Terms map to?
ICC Incoterms 2020 — International Commercial Terms maps to 15 other compliance frameworks. The top mapping partners are ISO 28001:2007 Supply Chain Security Management (31% coverage), ITAR — International Traffic in Arms Regulations (19% coverage), US Maritime Transportation Security Act (MTSA) and USCG Cybersecurity Requirements (19% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with ICC Incoterms 2020 — International Commercial Terms compliance?
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 16 controls and track your progress.
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