Incoterms 2020 Formulas PDF

INCOTERMS 2020 FORMULAS 1. EX-WORKS (EXW) 9. DELIVERED AT PLACE (DAP)...

INCOTERMS 2020 FORMULAS 1. EX-WORKS (EXW) 9. DELIVERED AT PLACE (DAP) EXW = COST OF GOODS DAP = FOB + FRT + DESTINATION O/C 2. FREE CARRIER (FCA) = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, FCA = EXW + Origin O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc./Arrastre Charge and Wharfage due/Total Handling Charges Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc.) [THC], Less Container Load [LCL]) + FRT + DESTINATION O/C (Destination Total Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance) 3. CARRIAGE PAID TO (CPT) DAP = FCA + FRT + DESTINATION O/C CPT = FCA + FRT CPT = EXW + ORIGIN O/C + FRT = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc.) + FRT + DESTINATION O/C (Destination Total 4. CARRIAGE AND INSURANCE PAID TO (CIP) Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance) CIP = FCA + FRT + INS CIP = EXW + ORIGIN O/C + FRT + INS 10. DELIVERED AT PLACE UNLOADED (DPU) 5. FREE ALONGSIDE SHIP (FAS) DPU = FOB + FRT + DESTINATION O/C = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, FAS = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc./Arrastre Charge and Wharfage due/Total Handling Charges Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc.) [THC], Less Container Load [LCL]) + FRT + DESTINATION O/C (Destination Total Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance, Destination Unloading at Buyer’s Warehouse) 6. FREE ON BOARD (FOB) DPU = FCA + FRT + DESTINATION O/C FOB = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Expenses – Warehousing, Storage, Fumigation, etc./Arrastre Charge and Wharfage due/Total Handling Charges Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous [THC], Less Container Load [LCL]) Expenses – Warehousing, Storage, Fumigation, etc.) + FRT + DESTINATION O/C (Destination Total Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance, Destination Unloading at 7. COST AND FREIGHT (CFR) Buyer’s Warehouse) CFR = FOB + FRT 11. DELIVERED DUTY PAID CFR = EXW + ORIGIN O/C + FRT DDP = FOB + FRT + DESTINATION O/C 8. COST, INSURANCE, AND FREIGHT (CIF) = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous CIF = FOB + FRT + INS Expenses – Warehousing, Storage, Fumigation, etc./Arrastre Charge and Wharfage due/Total Handling Charges CIF = EXW + ORIGIN O/C + FRT + INS [THC], Less Container Load [LCL]) + FRT + DESTINATION O/C (Destination Total Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance, Import Documentation, Clearances/Import Duties and Taxes/Import Miscellaneous Expenses [Warehousing, Storage, Fumigation. Etc.,]) DDP = FCA + FRT + DESTINATION O/C = EXW + ORIGIN O/C (Loading to Truck/Inland Freight, Trucking, Haulage/Internal Insurance/Government, Customs Clearances/Export Documentation, Forwarder’s Fee - Export Duties and Taxes/Miscellaneous Expenses – Warehousing, Storage, Fumigation, etc.) + FRT + DESTINATION O/C (Destination Total Handling Charges [THC], Less Container Load [LCL]/Destination Import Arrastre Charge and Wharfage Due/Destination Inland Freight, Trucking, Haulage/Destination Internal Insurance, Import Documentation, Clearances/Import Duties and Taxes/Import Miscellaneous Expenses [Warehousing, Storage, Fumigation. Etc.,])