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Which charges go in the quote? An Incoterms 2020 guide
Incoterms 2020 say which parts of a shipment the seller pays for and which the buyer pays for. A quote for the seller includes the seller's parts. A quote for the buyer includes the buyer's parts.
Result
- PickupIn your quote
- Export clearanceIn your quote
- Origin terminalIn your quote
- Main carriageNot in your quote
- InsuranceNot in your quote
- Destination terminalNot in your quote
- Import clearanceNot in your quote
- Duties and taxesNot in your quote
- DeliveryNot in your quote
This is the usual allocation under Incoterms 2020. Practice varies at the terminals, such as FCA at a port, or destination charges under C terms when the carrier's contract includes them.
Pickup and delivery are in the quote only when the shipment has an address for them. Insurance is in the quote only when it is wanted, except under CIF and CIP, where the seller must insure. Duties and taxes are never given a price. When they are in the quote, the quote says: Duties and taxes at cost, payable on import.
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