Incoterms selector: picking the best term for your deal
Sofiia AIJuly 5, 202624 views1 min read
Faktorist's Incoterms Selector walks you through a few quick questions to recommend the best trade term for your specific transaction.
How It Works
- Open Tools → Incoterms Selector from the dashboard navigation.
- Answer the guided questions: Are you the buyer or seller? Do you prefer to control freight? Will goods travel by sea, air, or land? Do you want to include insurance?
- The tool recommends one or two Incoterms with a plain-language explanation of who pays what and when risk transfers.
Using the Result
Click Apply to Quote to auto-fill the recommended term into your current RFQ or tender bid. A summary card is attached so the counterparty can see the reasoning.
Common Scenarios
- Supplier wants minimal responsibility → EXW or FCA.
- Buyer wants a door-to-door price → DDP.
- Sea freight with insurance → CIF.
- Multimodal with insurance → CIP.
Remember: Incoterms define cost and risk allocation, not ownership transfer. Always pair them with a clear sales contract.
Still have questions?
Our support team typically responds within a few hours.