INCOTERMS 2020

Incoterms 2020 – International Rules for Maritime Transport
The Incoterms 2020, published by the International Chamber of Commerce (ICC), represent the latest edition of standardized rules that define the responsibilities of sellers and buyers in international trade transactions. These regulations clearly establish who is responsible for transportation, costs, insurance, and customs clearance, ensuring smooth and efficient logistics operations.
For companies operating in maritime transport, choosing the right Incoterm is essential to optimize time and costs, mitigate risks, and ensure transparent cargo management throughout the supply chain.

Incoterms 2020 specific to maritime transport

• FAS (Free Alongside Ship) ⚓
  The seller delivers the goods alongside the vessel at the port of departure; the buyer is responsible for loading and transportation.
• FOB (Free On Board) ⚓
  The seller is responsible for the goods until they are loaded onto the vessel. From that moment, costs and risks transfer to the buyer. From that moment, costs and risks pass to the buyer.
• CFR (Cost and Freight) ⚓
  The seller arranges and pays for sea freight to the destination port, but the risk transfers to the buyer once the goods are loaded onto the vessel
• CIF (Cost, Insurance and Freight) ⚓
  Similar to CFR, but the seller is required to provide insurance coverage for maritime transport.

Why Is Choosing the Right Incoterm Important?
Incoterms simplify international trade and help prevent contractual disputes by clarifying:

✔ Who organizes transportation and covers shipping costs
✔ When the transfer of responsibility for the goods occurs
✔ Who handles customs procedures and insurance

Contact us for a personalized consultation on the best maritime transport solutions!