Incoterms 2020, applied plainly.
Incoterms® 2020 are the ICC's eleven standard delivery terms. They set who carries cost, risk and obligation between seller and buyer. They do not decide title or payment: title follows the contract, payment follows the agreed instrument. These are the eight rules Torix works with most.
Eight terms, compared.
FOB, CFR and CIF are sea and inland-waterway rules. FCA, CPT and CIP are often the better fit for containerised or multimodal shipments. Every Torix contract states the named port or place and "Incoterms® 2020".
"CIF is not 'landed cost'. Risk moves at origin, and duty is never included."
Four points buyers most often get caught on: CIF does not include import duty, destination duties and taxes are always the importer's. CIF risk transfers at origin, when the goods are on board, even though the seller pays freight to the destination port. FOB on containers leaves a gap between the container yard and the ship's rail, FCA is often the cleaner rule. And DDP is not a standard Torix offer, we are not the importer of record in your market.
Which rule fits depends on who controls freight, who carries the insurance relationship, and how your customs entry is structured. State the preference in the RFQ and the quotation comes back on that basis, with the named port or place written into the contract.
Incoterms® is a registered trademark of the International Chamber of Commerce. This page is operational guidance, not legal advice.
Tell us the term, we quote on it.
FOB, CFR, CIF, FCA, CPT, CIP or DAP, name the rule and the port or place in your RFQ, and the quotation returns on that basis with the document set to match.