Incoterms are standard trade definitions most commonly used in international sales contracts. Devised and published by the International Chamber of Commerce (ICC), they are at the heart of world trade.
ICC recommends that “Incoterms 2020” be referred to specifically whenever the terms are used, together with a location. For example, the term “Delivered at Frontier” (DAF) should always be accompanied by a reference to an exact place and the frontier to which delivery is to be made.
Here are three examples of correct use of Incoterms:
FCA Kuala Lumpur Incoterms 2020
FOB Shanghai Incoterms 2020
DDU Frankfurt Schmidt GmbH Warehouse 4 Incoterms 2020
To make sure using Incoterms correctly, please refer to http://www.iccwbo.org/incoterms/id3040/index.html for detailed explaination.
EX WORKS
FREE CARRIER
FRREE ALONGSIDESHIP
FREE ONBOARD VESSEL
COST & FREIGHT
COST, INSURANCE & FREIGHT
CARRIAGE PAID TO
CARRIAGE INSURANCE PAID TO
DELIVERED AT PLACE
DELIVERED AT PLACE UNLOAD
DELIVERED DUTY PAID
DELIVERED DUTY UNPAID
DELIVERED DUTY PAID
EXW
DDU
DDP
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QNL Logistics Inc. is a leading provider of international forwarding services with a strong presence in Canada and an extensive network of global partners.
77 City Centre drive Suite 501, Mississauga, ON L5B 1M5
QNL Logistics Inc. is a leading provider of international forwarding services with a strong presence in Canada and an extensive network of global partners.
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