Inco Terms used for all modes of Transport under Import and Export Trade.
What you mean by OMNI MODEL INCO TERMS? Omni Model terms of delivery is used for all modes of transport for movement of goods.
Omni Model Inco terms are EXW,FCA,CPT,CIP,DAP,DPU and DDP.
Under Inco terms, there are two categories of modes of transport - Omni Model terms and Marine restricted terms. Marine restricted terms of delivery are preferably used to move goods by Sea only. For any modes of transport, Omni model terms of delivery are used. So, Omni model terms of delivery are used for the movement of goods by Air, Sea, Inland waterways or Land. Marine restricted terms of delivery are used for the movement of goods by Sea and Inland waterways.
The following Inco Terms are known as OMNI MODEL INCO TERMS:
RULES FOR ANY MODE OR MODES OF TRANSPORT
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 terms are known as Omni Model terms of delivery of goods under Incoterms 2020.
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