{"id":585,"date":"2023-06-06T08:57:17","date_gmt":"2023-06-06T08:57:17","guid":{"rendered":"https:\/\/vietship.net\/en\/?p=585"},"modified":"2023-06-06T08:57:17","modified_gmt":"2023-06-06T08:57:17","slug":"what-is-incoterms","status":"publish","type":"post","link":"https:\/\/vietship.net\/en\/what-is-incoterms.html\/","title":{"rendered":"What is Incoterms? What is Incoterms 2020?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2d6978ac56\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2d6978ac56\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#Concept\" title=\"Concept\">Concept<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#Features_of_Incoterms\" title=\"Features of Incoterms:\">Features of Incoterms:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#What_are_Incoterms_2020\" title=\"What are Incoterms 2020?\">What are Incoterms 2020?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#The_main_provisions_of_Incoterms_2020\" title=\"The main provisions of Incoterms 2020:\">The main provisions of Incoterms 2020:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#Group_of_terms_applicable_to_sea_and_inland_waterway_transport\" title=\"Group of terms applicable to sea and inland waterway transport:\">Group of terms applicable to sea and inland waterway transport:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/vietship.net\/en\/what-is-incoterms.html\/#CONTACT_VIETSHIP_IMMEDIATELY_TO_EXPERIENCE_THE_BEST_SHIPPING_SERVICE_WITH_THE_MOST_SAVING_FEES\" title=\"CONTACT VIETSHIP IMMEDIATELY TO EXPERIENCE THE BEST SHIPPING SERVICE WITH THE MOST SAVING FEES!\">CONTACT VIETSHIP IMMEDIATELY TO EXPERIENCE THE BEST SHIPPING SERVICE WITH THE MOST SAVING FEES!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Concept\"><\/span>Concept<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Incoterms\u00a0 (short for \u00a0International Commerce Terms) is a set of international trade rules recognized and widely used around the world.<\/p>\n<p>Incoterms stipulate rules relating to prices and the responsibility of the parties (sellers and buyers) in an international commercial activity.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-586\" src=\"https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia.jpg\" alt=\"\" width=\"818\" height=\"583\" srcset=\"https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia.jpg 818w, https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia-300x214.jpg 300w, https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia-768x547.jpg 768w, https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia-100x70.jpg 100w, https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia-696x496.jpg 696w, https:\/\/vietship.net\/en\/wp-content\/uploads\/2023\/06\/tdgroup-incoterm-2020-bia-589x420.jpg 589w\" sizes=\"(max-width: 818px) 100vw, 818px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Features_of_Incoterms\"><\/span>Features of Incoterms:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Incoterms are commercial practices, not mandatory.<\/li>\n<li>Subsequent versions do not negate the validity of the previous versions.<\/li>\n<li>Incoterms only explain the most general matters relating to delivery, such as which party is obligated to hire the means of transport or purchase insurance, when the seller delivers the goods to the buyer and the division of costs between the parties. how is the side.<\/li>\n<li>The two buying and selling parties can increase or decrease their responsibilities and obligations to each other depending on their strong (weak) positions in the transaction, but they must not change the nature of the delivery conditions.<\/li>\n<li>Incoterms only determine when the risk of the goods passes from the buyer to the seller, but not the time when the ownership of the goods is transferred, nor the consequences of a breach of contract.<\/li>\n<li>Depending on which means of transport (air, sea, road, etc.) is carried, the type (bulk cargo, container, barge, etc.), there are corresponding groups of conditions.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"What_are_Incoterms_2020\"><\/span>What are Incoterms 2020?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Currently, there have been 9 changes to Incoterms over the years: 1936, 1953, 1967, 1976, 1980, 1990, 2000, 2010, 2020. Incoterms 2020 is the latest version, keeping 11 conditions like Incoterms 2010 but changing. DAT to DPU.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_main_provisions_of_Incoterms_2020\"><\/span>The main provisions of Incoterms 2020:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Group of terms applicable to all means of transport:<\/p>\n<ul>\n<li>EXW (Ex Works) &#8211; Delivered at the factory<\/li>\n<li>FCA (Free Carrier) &#8211; Delivered to Carrier<\/li>\n<li>CPT (Cost Paid to) &#8211; Fees paid to<\/li>\n<li>CIP (Carrier and Insurance Paid to)) &#8211; Charges and premiums paid to<\/li>\n<li>DPU (Delivered At Place Unloaded) &#8211; Delivered at the place of unloading<\/li>\n<li>DAP (Delivered At Place) &#8211; Delivered at destination<\/li>\n<li>DDP Delivered Duty Paid) ) &#8211; Delivery with tax paid<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Group_of_terms_applicable_to_sea_and_inland_waterway_transport\"><\/span>Group of terms applicable to sea and inland waterway transport:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>FAS (Free Alongside Ship) &#8211; Delivery along the side of the ship<\/li>\n<li>FOB (Free On Board) &#8211; Delivered on board<\/li>\n<li>CFR (Cost and Freight) &#8211; Freight and freight<\/li>\n<li>CIF (Cost, Insurance and Freight) &#8211; Cost, Insurance and Freight<\/li>\n<\/ul>\n<p>Thank you for following this article, look forward to more articles on Logistics, import and export of Vietship!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CONTACT_VIETSHIP_IMMEDIATELY_TO_EXPERIENCE_THE_BEST_SHIPPING_SERVICE_WITH_THE_MOST_SAVING_FEES\"><\/span>CONTACT <a href=\"https:\/\/vietship.net\/\">VIETSHIP<\/a> IMMEDIATELY TO EXPERIENCE THE BEST SHIPPING SERVICE WITH THE MOST SAVING FEES!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-bottom\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;585&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;0&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;0&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;5&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;0\\\/5 - (0 votes)&quot;,&quot;size&quot;:&quot;24&quot;,&quot;title&quot;:&quot;What is Incoterms? What is Incoterms 2020?&quot;,&quot;width&quot;:&quot;0&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 0px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 5px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 24px; height: 24px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 19.2px;\">\n            <span class=\"kksr-muted\">Rate this post<\/span>\n    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Concept Incoterms\u00a0 (short for \u00a0International Commerce Terms) is a set of international trade rules recognized and widely used around the world. Incoterms stipulate rules relating to prices and the responsibility of the parties (sellers and buyers) in an international commercial activity. Features of Incoterms: Incoterms are commercial practices, not mandatory. Subsequent versions do not negate [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[],"_links":{"self":[{"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/posts\/585"}],"collection":[{"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/comments?post=585"}],"version-history":[{"count":1,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/posts\/585\/revisions"}],"predecessor-version":[{"id":587,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/posts\/585\/revisions\/587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/media\/586"}],"wp:attachment":[{"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/media?parent=585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/categories?post=585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vietship.net\/en\/wp-json\/wp\/v2\/tags?post=585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}