“What Are Incoterms? | Learn the Basics of International Trade with Anatolia Kimya” #incoterms2020

Incoterms: Simplifying International Trade What Are Incoterms? Incoterms (International Commercial Terms) are globally recognized rules created by the International Chamber of Commerce (ICC). They define the responsibilities of buyers and sellers in international trade — covering delivery, risk, and cost from the seller’s warehouse to the buyer’s destination. Why Incoterms Matter Choosing the right Incoterm ensures: Clear allocation of risk and responsibility Transparent shipping and insurance costs Efficient and smooth logistics for international shipments Types of Incoterms For All Modes of Transport EXW (Ex Works): Buyer takes responsibility at the seller’s premises. FCA (Free Carrier): Seller delivers goods to the carrier chosen by the buyer. CPT (Carriage Paid To): Seller pays freight; risk passes after handover. CIP (Carriage & Insurance Paid To): Like CPT, with insurance included. DAP (Delivered At Place): Seller delivers to buyer’s location; buyer handles import. DPU (Delivered at Place Unloaded): Seller delivers and unloads at destination. DDP (Delivered Duty Paid): Seller handles everything, including duties and delivery. For Sea and Inland Waterway Transport FAS (Free Alongside Ship): Seller delivers goods next to the ship; buyer handles loading and freight. FOB (Free On Board): Seller loads goods on board; risk passes to buyer. CFR (Cost & Freight): Seller pays shipping; risk passes once goods are loaded. CIF (Cost, Insurance & Freight): Seller pays shipping and insurance; risk passes on board. How Anatolia Kimya Helps At Anatolia Kimya, we ensure that every shipment has clearly defined Incoterms, protecting your business and guaranteeing transparent, safe, and efficient delivery.