Compare Incoterms by cost, risk & responsibility
See exactly where cost and risk hand off between seller and buyer across all 11 Incoterms® 2020 rules. Explore one rule on a visual shipping journey, compare rules side by side, scan the full responsibility matrix, or let the rule finder suggest a starting point.
Explore a rule
Pick a rule to see who pays, who bears risk, and where each transfers.
Select 2–3 rules to compare.
Seller responsibility spectrum
From minimum obligation (EXW) to maximum (DDP). Tap any rule to load it above.
Full responsibility matrix
Who covers each step — S = seller, B = buyer. Tap a rule heading to load it above.
Insurance: only CIF and CIP carry a contractual duty for the seller to insure; in DAP, DPU, and DDP the seller bears transit risk and so normally insures. FCA, FAS, and the D-rules depend on the exact named place — adjust for your contract.
Find your Incoterm
Answer five questions for a suggested starting point. Guidance only — confirm the term in your contract.
What are Incoterms® 2020?
Incoterms® are standardized three-letter trade terms published by the International Chamber of Commerce (ICC). They define how the costs, risks, and responsibilities of moving goods are split between a seller and a buyer in an international sale.
The current edition, Incoterms® 2020, contains 11 rules. Seven apply to any mode of transport — EXW, FCA, CPT, CIP, DAP, DPU, and DDP — while four apply only to sea and inland waterway transport — FAS, FOB, CFR, and CIF. Each rule sets two things that often confuse traders: the point where the cost burden passes from seller to buyer, and the point where the risk of loss or damage passes. Under the four "C" rules these two points are different.
The 11 rules at a glance
Why cost and risk transfer at different points
Under CFR, CIF, CPT, and CIP, the seller arranges and pays for carriage all the way to the destination — but the risk of loss or damage passes to the buyer much earlier, at origin, once the goods are handed to the carrier or loaded on board. If the cargo is damaged in transit, it is the buyer's problem even though the seller bought the freight. The journey bar at the top of this page shades that gap so you can see it for any rule you select.
What changed from Incoterms® 2010 to 2020
FOB or FCA for containers?
FOB and the other sea rules assume the seller hands goods over at the ship's rail. With containers, the seller actually loses control at the container terminal, often days before loading — yet under FOB the seller still carries risk until the box is on board. The ICC therefore recommends FCA for containerized cargo, because risk passes cleanly when the container is handed to the carrier at the terminal. FOB remains common by habit, but FCA usually fits container shipping better.
Glossary
- Risk transfer
- The point where responsibility for loss of or damage to the goods moves from seller to buyer.
- Cost transfer
- The point up to which the seller pays the costs of carriage and handling; the buyer pays beyond it.
- Main carriage
- The principal international leg — ocean, air, or long-haul road/rail — between the origin and destination terminals.
- Pre-carriage / on-carriage
- Inland transport before the main carriage (origin to port) and after it (port to final place).
- Terminal handling charges (THC)
- Port or terminal fees for moving and handling cargo at origin or destination.
- Named place
- The specific location written after the rule (e.g. "FCA Shenzhen") that fixes where delivery, cost, and risk transfer.
- Export / import clearance
- The customs formalities to lawfully send goods out of one country and bring them into another.
- Bill of lading
- A transport document issued by the carrier that serves as a receipt and, in negotiable form, a document of title.