​What are Incoterms 2020?                                  
Incoterms for Any Mode of Transport：

1. EXW – Ex Works:
   Seller makes goods available at their premises; buyer assumes all costs and risks after collection.

2. ​FCA – Free Carrier:
   Seller delivers goods to the buyer’s carrier; risk transfers once goods are loaded onto transport.

3. CPT – Carriage Paid To:
   Seller pays transport costs to the destination, but risk transfers to the buyer once goods are handed over to the carrier.

4. CIP – Carriage and Insurance Paid To:
   Seller covers transport and insurance to the destination; risk transfers at the place of shipment.

5. DPU – Delivered at Place Unloaded:
   Seller delivers goods and unloads at destination; buyer assumes responsibility after unloading.

6. DAP – Delivered At Place:
   Seller delivers to a named destination, but unloading is the buyer's responsibility.

7. DDP – Delivered Duty Paid:
   Seller assumes all costs and risks, including duties and taxes, until the goods reach the destination.

 
Incoterms for Sea and Inland Waterway Transport：

1. FAS - Free Alongside Ship: Seller delivers goods alongside the ship; risk transfers to buyer at that point.  

2. FOB -  Free On Board: Seller bears responsibility until goods are loaded on the ship; buyer covers marine freight and  insurance.             

3. CFR - Cost and Freight: Seller pays freight to the destination port; risk transfers to buyer once goods are loaded onto the ship.                                    

4. CIF - Cost, Insurance & Freight: Seller pays for freight and insurance to the port of destination; risk transfers once goods are loaded on the ship.