Incoterms 2020 Decoder

Plain-English summary of who pays freight, who carries risk, and who clears customs.

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Example

You enter

Term FOB

You get

Term name Free On Board
Freight paid by buyer
Export clearance seller
Import clearance buyer

Details, formula, and sources

(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.

ICC Incoterms 2020 by name. Cited by ICC name only; the official Incoterms 2020 publication is not reproduced.

ICC Incoterms 2020 licensed (iccwbo.org). Free overviews from major carriers (DHL, Maersk, Kuehne+Nagel) summarize the eleven rules without reproducing the official text.

Math aid for personal verification. The ELD on the truck and the carrier tariff are the legal record. State limits may be lower than federal.

Field names used by the API: term, name, freight, export_clearance, import_clearance