25 Aug 2023

Navigating Incoterms: A Entertaining Journey Through Shipping Codes

Ahoy, fellow freight-forwarding adventurers! Welcome aboard this lively voyage into the world of Incoterms—those quirky codes that determine the dance of responsibility in the high seas of international trade.

We understand that wrestling with these terms might feel like deciphering ancient maps, but fear not! We've transformed this learning journey into a fun-filled expedition you won't forget.

Set sail as we guide you through mnemonic islands, each brimming with unforgettable imagery that'll have you remembering Incoterms with a smile. Let's embark on this memorable adventure together!

EXW (Ex Works) "Eager Explorers Wave"

Imagine a group of enthusiastic explorers waving goodbye as they hand over the goods. The seller's responsibility ends as the explorers wave, symbolizing the goods leaving their premises.

FCA (Free Carrier) "Friendly Cat Caravan Adventures"

Picture a friendly cat leading a caravan of goods. The seller hands over the goods to the cat, symbolizing the carrier. The adventure begins as the cat-caravan sets off, representing the buyer taking responsibility from that point.

CPT (Carriage Paid To) "Cheery Postman Triumphs"

Imagine a cheery postman delivering a package. He takes it to the agreed destination. The seller triumphs by covering the carriage costs, and the postman symbolizes the carrier.

CIP (Carriage and Insurance Paid To) "Courageous Inspector Protects"

Visualize a courageous inspector guarding a shipment on a journey. The seller's responsibility includes insurance coverage. The inspector represents both the insurance and the carrier aspects.

DAP (Delivered at Place) "Daring Adventurers Party"

Picture daring adventurers delivering a treasure to your doorstep. They party after reaching the destination. Here, the seller is responsible until the goods are ready for unloading at the buyer's place.

DPU (Delivered at Place Unloaded) "Determined Porter Unloads"

Imagine a determined porter unloading goods from a truck at the destination. The porter signifies the unloading responsibility added to DAP.

DDP (Delivered Duty Paid) "Diligent Driver Pays Duties"

Visualize a diligent driver delivering goods and happily paying customs duties on behalf of the buyer. The buyer's responsibility starts only after everything is paid.

FAS (Free Alongside Ship) "Friendly Anchors Set"

Picture friendly anchors placed alongside a ship at the port. The seller's responsibility ends once the goods are next to the ship.

FOB (Free on Board) "Fun On the Boat"

Visualize goods having a fun time on a boat. The seller's job is done as goods are safely on board, and the idea of having "fun" symbolizes the transfer.

CFR (Cost and Freight): "Captain Frees the Rabbits"

Picture a captain freeing rabbits onto a ship. The captain stands for the seller who covers costs to get goods on the ship.

CIF (Cost, Insurance, and Freight): "Cats Insure Freight"

Visualize cats in suits handling insurance paperwork on a ship. The cats represent both insurance and freight responsibility.

Freyt World’s Final Thoughts:

And there you have it, intrepid shippers! With our whimsical mnemonic map in hand, you're now equipped to navigate the sea of Incoterms with confidence and flair. From "Eager Explorers Waving" in EXW to "Fun On the Boat" in FOB, these catchy cues will ensure you're always on top of your shipping game.

Just remember, it's not just about codes; it's about turning learning into an adventure. So, whether you're an old sea dog or a fresh-faced sailor, let these playful images be your compass in the intricate world of international trade.

May your shipments be smooth, your sails billow, and your memories of Incoterms always bring a chuckle. Happy shipping, adventurers!