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Home » Ocean Freight » Incoterms

Ocean Freight Incoterms

Explore the importance of Incoterms in international trade and their impact on the European logistics market. Incoterms is an international standard on the rights and obligations of the buyer and seller in the international transportation of goods.

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Incoterms, or International Commercial Terms, play a crucial role in defining the responsibilities and liabilities of buyers and sellers in global trade. In the European logistics market, understanding and correctly applying Incoterms is essential for seamless and cost-effective international transactions. These terms, including EXW, FOB, CIF and DAP, govern everything from the point of origin to the final destination of the goods. For example, EXW and FOB give buyers more control over the transportation process, while other terms imply that sellers take charge. Interestingly, CIF prices are often quoted initially, but there is flexibility to offer prices based on different terms. Neele-Vat, with its extensive experience in international logistics, recommends choosing EXW or FOB, allowing maximum control while using our expertise to manage transportation to your specified destination. We will elaborate on each Incoterm and offer valuable insights for navigating the European logistics landscape.

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Contact

Werner Florentinus
Sales Manager Air & Ocean

+31 85 109 7222
werner.florentinus@neelevat.com

What are Incoterms® 2020?

The use of ICC Incoterms® is highly recommended for several reasons. One of the most essential is that these rules are the international standard, which, when used correctly, prevents misunderstandings and makes international trade run smoothly. In addition, ICC Incoterms® are available in more than 30 languages, ensuring accessibility.

The important thing to emphasize is that ICC Incoterms® are not legally enshrined in laws or treaties, which means that parties must mutually agree to use them. In cases where these rules are deviated from, we strongly recommend that this is explicitly recorded in writing to avoid future disputes. Failure to adhere to the agreed ICC Incoterms® could potentially lead to a judicial review establishing a different understanding.

All ICC Incoterms® 2020

Link to: Incoterms - DAP - Delivered At Place

DAP - Delivered At Place

Link to: 9 classes of hazardous materials
Link to: Incoterms - DDP - Delivered Duty Paid

DDP - Delivered Duty Paid

Link to: Incoterms - EXW - Ex Works

EXW - Ex Works

Link to: Incoterms - FCA - Free Carrier

FCA - Free Carrier

Link to: Incoterms - FAS - Free Alongside Ship

FAS - Free Alongside Ship

Link to: Incoterms - FOB - Free On Board

FOB - Free On Board

Link to: Incoterms - CFR - Cost and Freight

CFR - Cost and Freight

Link to: Incoterms - CPT - Carriage Paid To

CPT - Carriage Paid To

Link to: Incoterms - CIF - Cost, Insurance and Freight

CIF - Cost, Insurance and Freight

Link to: Incoterms - CIP - Carriage and Insurance Paid

CIP - Carriage and Insurance Paid

Link to: Incoterms - DPU - Delivered at Place Unloaded

DPU - Delivered at Place Unloaded

Application of ICC Incoterms® Declare.

If buyer and seller wish to apply Incoterms® 2020, the wording Incoterms® 2020 shall be used.

For example: CIF Sydney Incoterms® 2020.

Beginning January 1, 2020, buyer and seller can choose from the following 11 Incoterms®:

For any kind of transportation

  • EXW Ex Works
  • FCA Free Carrier (Freight free to carrier)
  • CPT Carriage Paid To.
  • CIP Carriage and Insurance Paid To.
  • DAP Delivered At Place.
  • DPU: Delivered at Place Unloaded.
  • DDP Delivered Duty Paid

For transport by sea and inland waterways

  • FAS Free Alongside Ship
  • FOB Free On Board.
  • CFR Cost and Freight.
  • CIF Cost,Insurance and Freight

Everything you need to know about ocean freight

Link to: FCL or LCL ocean freight?

FCL or LCL?

What is the difference and where is the tipping point?

Link to: Ocean Freight Containers and Packaging

Containers and Packaging

Which container is best suited for my goods?

Link to: Ocean freight customs & documentation
Customs formalities

Customs and Documentation

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Link to: Incoterms

Incoterms

Are Incoterms with your supplier required?

Link to: Deepwater ports

Deepwater Ports

We offer ocean freight worldwide, especially from Far East and USA.

Link to: ADR Hazardous Substances

IMO Classes

What types of dangerous goods are all there?

Link to: Gas measurement containers

Gas Detection

Find out how we detect harmful gases in containers.

Link to: Ocean freight rates

Rates

Discover ocean freight rates and tips for international purchases.

Link to: Ocean freight alternatives

Alternatives

Discover alternatives for global transportation .

Ocean Freight solutions

At Neele-Vat, we provide efficient and reliable handling of your ocean freight. We offer secure shipping, smart cargo management and customized logistics solutions. Whether you have a one-time shipment or regular shipments, we have the right expertise. Request a quote today and discover the benefits of our ocean freight services!

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