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Language: en

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Incoterms 2020 are ICC trade terms. Four common rules: EXW, FCA, FOB and CIF.

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EXW: any mode. The buyer clears export. Risk passes at the named place of delivery.

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FCA: any mode. The seller clears export. Risk passes on delivery to the carrier.

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FOB: sea only. The seller clears export. No insurance duty. Risk passes on board.

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CIF: sea only. The seller clears export and insures. Risk still passes on board.

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Not legal, customs or tax advice. Name the rule, the place and the edition.