Incoterms 2020 Decoder
Plain-English summary of who pays freight, who carries risk, and who clears customs.
Example
You enter
- Term FOB
You get
- Term name Free On Board
- Freight paid by buyer
- Export clearance seller
- Import clearance buyer
Checked against published worked examples from: ICC Incoterms 2020 (cited by name only).
Details, formula, and sources
Formula or table(reference page; no compute) Plain-English decode of the eleven Incoterms 2020 rules (EXW, FCA, CPT, CIP, DAP, DPU, DDP, FAS, FOB, CFR, CIF) showing seller / buyer responsibility for transport, insurance, customs, and risk-transfer point.
Source and editionICC Incoterms 2020 by name. Cited by ICC name only; the official Incoterms 2020 publication is not reproduced.
Free accessICC Incoterms 2020 licensed (iccwbo.org). Free overviews from major carriers (DHL, Maersk, Kuehne+Nagel) summarize the eleven rules without reproducing the official text.
What governsMath aid for personal verification. The ELD on the truck and the carrier tariff are the legal record. State limits may be lower than federal.
API field namesterm, name, freight, export_clearance, import_clearance