There are a total of eleven incoterms governing the international trade, under year 2020 publication. We compiled the below diagram displaying the list of the subject incoterms for easy reference. Their respective definitions, including a review of what each contracting party is responsible for, and upon which point does the risk transfer from consignor to consignee are treated under blogs titled "Incoterms for all modes of transports" and "incoterms for sea freight only." There we also navigate the terms to see which party is liable for shipping costs and up to how far along the shipping journey are they responsible? We further review who must arrange insurance and up to which point must the insurance expand to.
Incoterms 2020
For a brief overview and explanation of the above incoterms, click on links below: