Incoterms 2020 risk-transfer point by term - determines who insures the cargo during shipment.
Formula
$$ \text{Risk} = f(\text{Incoterm}) $$
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $Incoterm$ | ICC 2020 standard term | - | ICC Publication 723 |
Sources
- ICC Incoterms 2020.