The trade method on Buttress Roots platform follows "Incoterms 2020", which divides Incoterms into two groups:

Group One: Apply to all shipping methods: EXW、FCA、CPT、CIP、DPU、DAP、DDP

Group Two: Apply to sea or inland water transport: FAS、FOB、CFR、CIF

Group One: Suitable for all shipping methods

EXW- Ex Works

The English of this term is"EX Works(... named place)",namely, ex-works...specified location.It means that the seller has the responsibility to deliver the prepared goods to the buyer at its location, that is, the workshop, factory, warehouse, etc., but is usually not responsible for loading the goods on the vehicle prepared by the buyer or handling the customs clearance of the goods. Buyer assumes all costs and risks of shipping the goods from Seller's location to the intended destination.

FCA - Free Carrier 
The English of this term is"Free Carrier(... named place)",namely, the goods are delivered to the carrier...the designated location.It means that the seller shall be responsible for the goods handed over by it, and after going through customs, deliver it to the carrier designated by the buyer for custody at the designated place. In accordance with commercial practice, when the seller is required to cooperate with the carrier by entering into a contract, the seller may do so at the buyer's risk and expense. This term applies to all shipping methods.

CPT - Carriage Paid To 
The English of this term is"Carriage Paid to (... named place of destination)" ,namely, freight paid...specified destination.It means that the seller pays the freight to deliver the goods to the specified destination. The risk of loss of or damage to the goods and any additional costs arising from events occurring after the goods have been delivered to the carrier shall pass from the seller to the buyer from the time the goods have been delivered to the care of the carrier. In addition, the seller must go through customs clearance procedures for the export of goods. This term applies to all shipping methods, including multimodal transport.

CIP - Carriage and Insurance Paid  
The English of this term is"Carriage and Insurance Paid to (... named place of destination)"，namely, freight and insurance are paid to...the designated destination.It means that the seller has the same obligation as the term "CPT Freight Paid To (.... Designated Destination)", and the seller is also required to carry out marine insurance for the risk of loss or damage to the goods that should be borne by the buyer in transit and pay insurance premiums. This term applies to all shipping methods.

DPU - Delivered At Place Unloaded 
The English of this term is"Delivered at Place Uloaded)，namely,delivery at destination.It means that the seller delivers the goods to any place where the buyer can unload the goods. The delivery location can be any place in the importing country, such as a factory, not only limited to the transportation terminal, but is responsible for unloading and bears the unloading fee. The seller shall bear all risks and costs (except import charges) for the delivery of the goods to the named destination. This term applies to aall shipping methods, multimodal and ocean shipping.

DAP - Delivered At Place 
The English of this term is"Delivered at Place,namely,delivery at the terminal at the destination or port of destination.It means that the seller delivers the goods to the buyer after unloading the goods at the terminal at the designated destination or port of destination, and the delivery is completed, and the buyer bears the unloading fee. The term refers to the destination including the port.The seller shall bear all the risks and costs (except import costs) of transporting the goods to the designated destination or the terminal at the port of destination. This term applies toall shipping methods or multimodal transport.

DDP - Delivered Duty Paid 
The English of this term is"Delivered Duty Paid (...named place ofdestination)",namely, after paying the tax...designated destination. It means that the seller delivers the prepared goods at the designated place in the importing country, and bears all the costs and risks of transporting the goods to the designated place, and handles import customs clearance. This term can be applied to various modes of transportation.

Group Two: Apply to sea or inland water transport

FAS - Free Alongside Ship  
The English of this term is"Free Alongside ship(... named port of shipment)"，namely,FOB....designated port of shipment. It means that the seller delivers the goods to the side of the ship at the designated port of shipment or on the barge. From then on, the buyer must bear all the costs and risks of the loss or damage of the goods, and the buyer must go through the export customs clearance procedures. This term applies to sea or inland water transport.

FOB - Free On Board  
The English of this term is"Free on Bar(... named port of shipment)" ,namely,Free on board (...designated port of shipment). It means that the seller delivers the goods after the goods have passed the ship's rail at the designated port of shipment. After the goods have passed the ship's rail, the buyer must bear all the costs, risks, loss or damage of the goods, and the seller is also required to go through the export customs clearance procedures for the goods. This term applies to sea or inland water transport.

CFR - Cost and Freight  
The English of this term is"Cost and Freight (named port of shipment)",namely cost plus freight....designated port of destination. It means that the seller must pay the expenses and freight required to transport the goods to the designated port of destination, but after the goods are delivered to the deck of the ship, the risk, loss or damage of the goods and the additional expenses caused by the accident, after the goods have passed the designated port. After the ship's rail, the seller turns to the buyer to bear the burden, and the seller is also required to go through the customs clearance procedures for the export of the goods. This term applies to sea or inland water transport.

CIF - Cost, Insurance and Freight  
The English of this term is"Cost,Insurance and Feight..named port of shipment)",namely cost, insurance plus freight...specified port of destination. It means that in addition to the seller's obligations the same as the "cost and freight" term, the seller must also apply for marine insurance and pay the insurance premium for the loss or damage of the goods in transit. This term applies to sea or inland water transport.

For more international trade matters, please refer to the website of the International Chamber of Commerce：https://iccwbo.org/resources-for-business/incoterms-rules/incoterms-2020/