How many Incoterms are there?

Eleven in the 2020 edition: seven for any mode of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) and four for sea and inland waterway only (FAS, FOB, CFR, CIF).

Do Incoterms decide when ownership passes?

No. Incoterms set delivery, risk and costs. When title passes, and how and when the buyer pays, are matters for the sales contract and the law that governs it.

Is there an Incoterms 2030?

Not yet. The ICC has started the revision and its national committees put the launch in late 2029. Incoterms 2020 remain the current rules, and a contract should name the edition it uses.

Reference

Incoterms 2020

Incoterms are the International Chamber of Commerce's eleven three-letter trade terms, such as FOB, CIF and DDP, that say where a seller delivers goods, when risk passes to the buyer, and who pays for transport, insurance and customs. The current edition, Incoterms 2020, took effect on 1 January 2020; a 2030 edition is planned for late 2029.

Also called Incoterms, Incoterms rules, international commercial termsUpdated 12 October 2026

The eleven rules

Incoterms 2020 has seven rules for any mode of transport and four for sea and inland waterway only. The 2020 edition renamed Delivered at Terminal (DAT) as Delivered at Place Unloaded (DPU).

Rule	Name	Mode	The seller delivers
EXW	Ex Works	Any	At its own premises, not loaded
FCA	Free Carrier	Any	To the buyer's carrier at a named place
CPT	Carriage Paid To	Any	To the first carrier, having paid carriage to the destination
CIP	Carriage and Insurance Paid To	Any	As CPT, and insures the goods
DAP	Delivered at Place	Any	At the destination, ready for unloading
DPU	Delivered at Place Unloaded	Any	At the destination, unloaded
DDP	Delivered Duty Paid	Any	At the destination, cleared for import with duties paid
FAS	Free Alongside Ship	Sea and inland waterway	Alongside the vessel at the port of shipment
FOB	Free On Board	Sea and inland waterway	On board the vessel at the port of shipment
CFR	Cost and Freight	Sea and inland waterway	On board, having paid freight to the destination port
CIF	Cost, Insurance and Freight	Sea and inland waterway	As CFR, and insures the goods

What Incoterms do not cover

The US International Trade Administration notes that Incoterms say nothing about when title — ownership — passes from seller to buyer, nor about the method or timing of payment. Those belong in the sales contract. ICC guidance calls the title point the most commonly misunderstood.

Worked example: one sale, four prices

Suppose goods worth USD 50,000 at the factory, USD 800 to truck them to port, USD 150 for export clearance, USD 2,400 ocean freight, USD 110 insurance, USD 2,500 import duty and USD 600 delivery from the destination port. Each rule moves the price by what the seller takes on:

EXW 50,000 · FOB 50,000 + 800 + 150 = 50,950 · CIF 50,950 + 2,400 + 110 = 53,460 · DDP 53,460 + 2,500 + 600 = USD 56,560

The goods are the same; the quote is not. Compare offers on the same rule, or convert them first.

What comes next

The ICC has begun revising the rules; its national committees describe the launch of Incoterms 2030 as planned for late 2029. Until then, ICC Austria notes, Incoterms 2020 remain the current and applicable set — and a contract can name any edition, so say which one you mean.

FAQ

Incoterms 2020: common questions

How many Incoterms are there?: Eleven in the 2020 edition: seven for any mode of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) and four for sea and inland waterway only (FAS, FOB, CFR, CIF).
Do Incoterms decide when ownership passes?: No. Incoterms set delivery, risk and costs. When title passes, and how and when the buyer pays, are matters for the sales contract and the law that governs it.
Is there an Incoterms 2030?: Not yet. The ICC has started the revision and its national committees put the launch in late 2029. Incoterms 2020 remain the current rules, and a contract should name the edition it uses.