Apply Incoterms 2020 correctly in an API-driven cross-border shipment workflow to assign responsibility for freight, insurance, and customs

domain: logistics-general · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Select the appropriate Incoterm from the 2020 edition: DDP (Delivered Duty Paid) if the seller wants to handle all costs to destination, DAP for delivery without duty payment, CIF for ocean shipments with seller-provided insurance, or FCA for seller-to-carrier handoff
  2. Encode the chosen Incoterm and named place in the commercial invoice, packing list, and carrier API shipment request's trade terms fields
  3. Configure your landed cost calculation engine to include or exclude duties, import taxes, and local delivery charges based on the chosen Incoterm
  4. For FCA terms used with a letter of credit requiring an on-board bill of lading, instruct the carrier to issue an on-board notation per Incoterms 2020 FCA clause A6/B6
  5. Communicate the Incoterm to the customs broker so the correct customs value basis (CIF or FOB) is used for duty calculation in the destination country
  6. Document the Incoterm in your ERP and OMS so finance can correctly recognize revenue (risk transfer point) and accounts payable can accrue the correct landed cost

Known gotchas

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