{"id":45206,"date":"2025-05-23T16:23:24","date_gmt":"2025-05-23T08:23:24","guid":{"rendered":"https:\/\/www.qinprinting.com\/?page_id=45206"},"modified":"2025-07-16T15:11:05","modified_gmt":"2025-07-16T07:11:05","slug":"incoterms","status":"publish","type":"page","link":"https:\/\/www.qinprinting.com\/incoterms\/","title":{"rendered":"Incoterms"},"content":{"rendered":"\t\t
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Incoterms<\/h1>\t\t\t\t<\/div>\n\t\t\t\t
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Incoterms<\/strong> (short for International Commercial Terms) are the most widely recognized and authoritative set of trade terms used in international commerce today. Published by the International Chamber of Commerce (ICC), these rules provide a standardized framework that defines the responsibilities of buyers and sellers in global trade \u2014 including who arranges transportation, handles insurance, bears risks, and pays for costs at each stage of the shipment.<\/p>

The latest version is Incoterms 2020.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\"Incoterms\"\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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Common Incoterms<\/h2>\t\t\t\t<\/div>\n\t\t
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EXW \u2013 Ex Works (... named place of delivery)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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The seller makes the goods available at their premises or another specified location. The buyer bears all transportation costs and risks from that point onward.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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FOB \u2013 Free on Board (\u2026 named port of shipment)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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The seller delivers the goods on board the vessel nominated by the buyer at the named port. Risk transfers to the buyer once the goods are on board.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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CIF \u2013 Cost, Insurance & Freight (\u2026 named port of destination)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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The seller pays for cost, insurance, and freight to the destination port. However, risk transfers to the buyer once the goods are loaded on the vessel.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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DAP \u2013 Delivered at Place (\u2026 named place of destination)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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The seller is responsible for delivering the goods to the named destination, ready for unloading. Risk remains with the seller until the goods are placed at the buyer’s disposal.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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DDP \u2013 Delivered Duty Paid (\u2026 named place of destination)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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The seller assumes all costs and risks involved in delivering the goods to the final destination, including import duties and taxes.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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DDU \u2013 Delivered Duty Unpaid (Legacy Term)<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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DDU means the seller delivers the goods to the named place in the buyer’s country, handling transportation and import clearance, but the buyer pays import duties and taxes.<\/p>

Note: DDU was officially removed from Incoterms in 2010. However, it is still widely used in practice.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n \r\n
Term<\/th>\r\n Delivery Location<\/th>\r\n Seller's Responsibilities<\/th>\r\n Buyer's Responsibilities<\/th>\r\n <\/tr>\r\n <\/thead>\r\n
EXW<\/strong><\/td>\r\n Seller's premises<\/td>\r\n Make goods available, packaging<\/td>\r\n All transport, export\/import clearance, duties<\/td>\r\n <\/tr>\r\n
FOB<\/strong><\/td>\r\n Port of shipment (on board ship)<\/td>\r\n Domestic transport, export clearance, loading on vessel<\/td>\r\n Sea freight, insurance, import clearance<\/td>\r\n <\/tr>\r\n
CIF<\/strong><\/td>\r\n Destination port (on board ship)<\/td>\r\n Freight, export clearance, loading, minimum insurance<\/td>\r\n Import clearance, inland transport<\/td>\r\n <\/tr>\r\n
DAP<\/strong><\/td>\r\n Named place of destination<\/td>\r\n All transport and risk until goods are ready for unloading<\/td>\r\n Unloading, import clearance, duties<\/td>\r\n <\/tr>\r\n
DDP<\/strong><\/td>\r\n Named place of destination<\/td>\r\n All costs and risks, including import duties and taxes<\/td>\r\n Receive goods<\/td>\r\n <\/tr>\r\n
DDU<\/strong><\/td>\r\n Named place of destination<\/td>\r\n Delivery to destination, import clearance<\/td>\r\n Payment of import duties and taxes<\/td>\r\n <\/tr>\r\n <\/tbody>\r\n<\/table>\r\n\t\t\t\t<\/div>\n\t\t\t\t
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Why Choose DDP (Delivered Duty Paid)?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t
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DDP is the most buyer-friendly Incoterm. It means the seller is responsible for all costs and risks involved in delivering the goods to the buyer’s location \u2014 including export and import duties, customs clearance, transportation, and insurance.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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Benefits of Choosing DDP:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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  • No surprises \u2014 the buyer pays one clear price with no hidden costs.<\/li>
  • Hassle-free import \u2014 the seller handles all customs procedures and paperwork.<\/li>
  • Less risk and effort for the buyer \u2014 everything is delivered ready-to-use.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t
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    Special Guarantee:<\/h3>\t\t\t\t<\/div>\n\t\t\t\t
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    For all goods sold under DDP with payment completed, we absorb any price adjustments caused by changes in import duties or taxes. That means no extra charges, even if tariff rates increase after your order is placed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

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    Incoterms Incoterms (short for International Commercial Terms) are the most widely recognized and authoritative set of trade terms used in international commerce today. Published by the International Chamber of Commerce (ICC), these rules provide a standardized framework that defines the responsibilities of buyers and sellers in global trade \u2014 including who arranges transportation, handles insurance, […]<\/p>\n","protected":false},"author":572,"featured_media":45208,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-45206","page","type-page","status-publish","has-post-thumbnail","hentry"],"yoast_head":"\nCommon Incoterms Explained | International Trade Terms Guide<\/title>\n<meta name=\"description\" content=\"Understand Incoterms and how they define in global shipping. 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