§ 01 / WHAT

What Incoterms actually define

Incoterms specify three things for every international shipment:

  1. Who pays for each stage of the journey (inland freight, customs, ocean/air, duties, last-mile)
  2. Who bears risk (if the shipment is damaged at sea, who eats the loss?)
  3. Who handles paperwork (export clearance, import clearance, insurance)

Incoterms do NOT define: who owns the goods, who pays taxes on the sale, when payment is due, or what currency. Those are contract terms separate from Incoterms.

The 11 Incoterms are organized in two groups:

  • Sea/inland waterway only: FAS, FOB, CFR, CIF
  • Any transport mode: EXW, FCA, CPT, CIP, DAP, DPU, DDP

In practice, CNC buyers encounter about 6 of them. The rest are niche or mostly for commodities.

§ 02 / THE

The 6 Incoterms you'll actually see

TermNameSeller paysBuyer pays
EXWEx WorksNothing (parts ready at factory)Everything from factory door
FCAFree CarrierLoading onto carrier, export clearanceFreight, insurance, import, duties, last mile
FOBFree on BoardExport, port-of-origin handlingOcean freight, insurance, import, duties, last mile
CIFCost, Insurance, FreightOcean freight + basic insurance to destination portDestination handling, import, duties, last mile
DAPDelivered at PlaceFreight + delivery to buyer's addressImport duties, VAT
DDPDelivered Duty PaidEverything — landed at buyer's door, duty-paidNothing further
§ 03 / EXW

EXW — Ex Works (seller does nothing)

Seller's responsibility ends the moment parts are packed and ready for pickup at the factory loading dock. Buyer arranges everything from there.

When to use EXW:

  • You have an established freight forwarder in China who handles pickup, export, and ocean
  • You consolidate multiple Chinese suppliers' shipments into one ocean container
  • You want the lowest supplier price line and can absorb the logistics complexity

When EXW goes wrong:

  • First-time importer who doesn't realize that export clearance is now their problem
  • Small buyer without China-based logistics, who gets quoted $300 to "just arrange pickup"
  • Buyer discovers the factory doesn't speak English, can't coordinate with the forwarder remotely

Rule of thumb: EXW saves the most money at scale (container-load volumes). For occasional <$10K orders, the overhead isn't worth it — use FOB or DDP.

§ 04 / FOB

FOB — Free on Board (the standard B2B term)

Seller handles everything through loading the shipment onto the ocean vessel at the port-of-origin. From that moment, the buyer owns the risk and pays for onward transport.

Critical detail: "FOB port name" specifies which port. "FOB Shenzhen" means the seller ships to Shenzhen port, loads on a vessel, buyer's responsibility from there. "FOB Shanghai" means a different port and often different local freight costs for the seller.

When to use FOB:

  • You have an ocean freight forwarder (NVOCC or freight broker) at destination handling import
  • Your orders are 1 CBM (cubic meter) or more — typically above 100 kg of parts
  • You're comfortable filing customs entry and paying duties at destination

FOB is the default B2B Incoterm for container-load and LCL shipments. Most Chinese factories know FOB better than any other term.

§ 05 / DAP

DAP and DDP — door-to-door options

DAP (Delivered at Place): seller manages everything through delivery to buyer's specified address. But buyer still pays import duties and VAT at destination.

DDP (Delivered Duty Paid): seller pays everything, including import duties and destination VAT. Parts arrive at buyer's door, no invoice to pay the customs broker.

When DAP/DDP make sense:

  • First-time importers who don't want to file customs entries
  • Small orders where the complexity of FOB-plus-broker outweighs the savings
  • Rush jobs where you don't want to wait on destination clearance
  • Corporate policies requiring landed-cost purchasing (no variable duty exposure)

DDP pricing reality: A typical "DDP your door" quote from a Chinese supplier includes:

  • Parts cost
  • Local Chinese inland freight to airport/port
  • Air freight (typical for small orders <100 kg) or ocean freight
  • Origin handling + export clearance
  • Destination handling + customs brokerage
  • Import duty and destination VAT (where applicable)
  • Final courier delivery
  • Supplier's markup on the freight/duty pieces (typically 5–15%)

That supplier markup is the "cost of convenience." For small orders it's trivial. For large orders it's significant — which is why bigger buyers move to FOB.

§ 06 / CIF

CIF — the sometimes-misleading option

CIF (Cost, Insurance, Freight): seller arranges ocean freight and basic insurance to the destination port, then buyer takes over.

The catch: CIF insurance is usually the minimum required by Incoterms — Clause C coverage, which pays out only for total loss or general average situations. It does NOT cover damage during handling, theft, water damage short of total loss, or delayed shipments.

For most practical purposes, CIF insurance is inadequate. If you need real cargo insurance, specify "CIF with Clause A coverage" (all-risk), which the seller will quote with appropriate premium.

In modern CNC importing: CIF is not commonly used. FOB (with buyer-arranged insurance) or DAP/DDP are clearer alternatives.

§ 07 / CHOOSING

Choosing the right Incoterm for your situation

01

First-time importer, small order (<$5K)

Use DDP. Fully landed, no surprises, no customs paperwork. Supplier handles everything. Pay the 10–15% convenience premium — you'll lose more than that learning FOB the hard way.

02

Mid-size order ($5K–$50K), have broker

Use FOB. Supplier handles export, you handle import through your broker. Most cost-effective for most B2B transactions.

03

Large order, container-load volume

Use EXW, arrange pickup with your freight forwarder. Most savings but requires logistics maturity.

04

Consolidating multiple Chinese suppliers

Use EXW. Forwarder picks up from all suppliers, consolidates at origin warehouse, ships one container. Saves on per-shipment handling.

05

Corporate with landed-cost accounting

Use DAP. You control customs/VAT for proper books, supplier handles everything else. Cleaner bookkeeping than DDP (where duties are embedded in the part price).

06

Aerospace/ITAR/regulated

Use DAP. You maintain control of import records — important for traceability and compliance. Never DDP for regulated goods where paperwork control matters.

§ 08 / COMMON

Common mistakes

"We'll do FOB New York" — but FOB is port-of-origin only
FOB requires a sea port of origin (FOB Shanghai, FOB Shenzhen, FOB Ningbo). You can't do "FOB New York" if the goods originate in China — that would be a destination-delivery term (DAP or DDP). "FOB New York" is a common misnomer that causes confusion in quotes.
Forgetting VAT on DDP quotes into EU
DDP into EU requires the seller to be VAT-registered in the destination country or use a fiscal representative. Many Chinese suppliers quote "DDP" to EU without this — the package gets stuck at customs. Confirm explicitly that DDP includes VAT and that the supplier has the registration.
Insurance assumptions
FOB, CIF (minimum coverage), EXW — all leave the buyer exposed to cargo damage. Many buyers assume "the supplier has insurance" — they don't, unless CIF or specific all-risk terms are negotiated. For valuable shipments (>$10K), buy your own cargo insurance through your forwarder.
"Door to door" isn't a real Incoterm
"Door-to-door" is marketing language. The actual terms are DAP (buyer pays duty) or DDP (seller pays duty). Ask explicitly which one.
Mixing Incoterms across quotes
A common procurement mistake: supplier A quotes FOB $45, supplier B quotes DDP $58. On surface, A looks cheaper. In reality, A's total landed cost is $45 + freight ($3) + duty (say $4) + brokerage ($2) = $54 at destination. B is still more expensive at $58, but only by $4, not $13. Always normalize.
READY WHEN YOU ARE

Your preferred Incoterm on every quote.

Email [email protected] with your preferred term — FOB, DAP, DDP, or whatever works for you. We quote accordingly with transparent line items, so you can compare across suppliers fairly.

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