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This document was prepared by Ocean Alliance Shipping LLC based on the publications by the International Chamber of Commerce (ICC) on Incoterms ® 2010 and 2020 rules. This document is the property of Ocean Alliance Shipping LLC . Any copy, in whole or in part, is strictly prohibited without prior written consent from OAS. This document cannot be considered as comprehensive.

Users are invited to consult all publications by ICC on Incoterms® 2020 rules available on ICC’s official website.

Risks

Where and when the seller delivers the goods according to the Incoterms® rule applicable, in other words the point where risk transfers from seller to buyer. (ICC definition)

Costs

Which party is responsible for which costs, for example transport, packaging, loading or unloading costs, and checking or security-related costs. (ICC definition)

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