723 ef of the interna- tional chamber of commerce ( icc) in a bilingual dsv english- french edition. from this point onwards, risk lies with the buyer. exw ex works costs risks insurance rules for any mode or modes of transport rules for sea and inland waterway transport 2020 warning : this chart is not intended to be used alone, and should always be used in conjunction. the incoterms rules are contained dsv incoterms 2020 pdf in publication no. risk is transferred as soon as the goods are on board the ship. freight on board ship risk on board ship seller is responsible for delivery of the goods loaded on board the ship. a pdf copy of this publication can be acquired, in both hard copy and e- book format, on the website www. they define who has control ( possession) and who bears risks during the process of transporting goods from seller to buyer. freight port of destination risk on board ship seller covers cost of freight, duty unpaid, to the named port of. incoterms® regulate the buying and selling of goods, and set out the responsibilities of buyers and sellers operating in the international trade system. first introduced in 1936, incoterms® are updated every 10 years.