Difference between Omni model Inco Terms and Marine Restricted

Omni model Inco Terms  Vs. Marine Restricted Inco Terms


As explained separately under different posts in this website, OMNI MODEL INCO TERMS are used for any modes of transport – Air, Sea and Land where in MARINE RESTRICTED INCO TERMS are used for the movement of goods under Sea and water ways. 

Here one question arises – whether marine restricted inco terms can be used for movement of goods by air or land.   Kindly note, Inco terms are rules for movement of goods and not Laws.  So there is no harm in using marine restricted term for shipments under air or land.  But a clear definition on risks and costs sharing of buyer and seller at each points of movement of goods may be clearly mentioned in the contract of carriage mutually agreed each other and incorporate  such terms and conditions in the Sale contract.  This will help to avoid future problems and disputes.   However, we suggest all exporters and importers to use as per the guidelines of ICC designed Inco Terms which may be mentioned  in the contract of carriage signed by them mutually agreed and incorporated in sale contract.

Omni Model Terms of Delivery which can be used for all modes of transport are  EXW   Ex Works

FCA  Free Carrier  ,  CPT  Carriage Paid To  ,  CIP  Carriage and Insurance Paid To  , 

DAP  Delivered at Place  ,  DPU  Delivered at Place Unloaded  ,  DDP  Delivered Duty Paid.


The Marine restricted terms of delivery under Incoterms 2020 are  FAS  Free Alongside Ship  ,  FOB  Free On Board  ,  CFR  Cost and Freight  ,  CIF  Cost Insurance and Freight


For your easy understanding the web links explaining Omni model Inco Terms and Marine Restricted Inco Terms are given below:





The  above links help you to understand the difference between Omni Model Inco terms and Marine Restricted Inco Terms  easily.


Click here to read latest Inco terms rules for delivery of goods  

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Click here to read latest Inco terms rules for delivery of goods  

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Who is liable to arrange insurance under CPT terms?      Understand the meaning of FOB under Incoterms     FAS terms of delivery under Incoterms 2020     Explaining DDP in simple language under Incoterms 2020     DAP, Simply explained under Incoterms 2020     Describe DPU under Incoterms 2020     How to define CIP under Inco Terms 2020     What does CPT mean under Inco Terms 2020?     Meaning of FCA under Incoterms 2020     EXW,Ex Works under Inco terms 2020     Inco Terms, Different stage where risks and costs transfer from Seller to Buyer     Parties involved to use Incoterms directly and indirectly     Is it necessary to use trade mark of Incoterms under Sale contract     Mention year of Inco Terms under Sale contract     Inco Terms and Sale Contract between buyer and seller     Inco Terms 2020 Rules for Delivery of Goods  

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