Incoterms 2020 Rule Explainer

x402

Incoterms 2020 Rule Explainer is a paid API for AI agents from api.strale.io, paid per call via x402, $0.0324/call, status unknown (last checked 2026-09-14).

Explains any Incoterms 2020 rule by returning seller and buyer obligations, risk/cost transfer points, and trade suitability guidance.

Price / call$0.0324

Seller volume →—

Success—

StatusUnknown

How this service works

Explain any Incoterms 2020 rule. Returns seller/buyer obligations, risk/cost transfer points, suitability.

Output

Returns a structured explanation of the specified Incoterm 2020 rule, including seller obligations, buyer obligations, the point at which risk transfers from seller to buyer, the point at which costs transfer, and guidance on which transport modes or trade scenarios the term is best suited for.

Example use cases

Example prompt

“Can you explain the CIF Incoterm rule — specifically what the seller and buyer are responsible for, where risk transfers, and when it's the right choice for a shipment?”

Technical details

Endpoint

GEThttps://api.strale.io/x402/incoterms-explain

When to prefer

Use this endpoint when an agent or user needs a quick, structured explanation of any specific Incoterms 2020 rule — including obligations, risk and cost transfer details, and trade suitability — without needing to parse dense legal documentation. Ideal for trade compliance workflows, logistics automation, contract drafting assistance, or onboarding users unfamiliar with international shipping terms.

Side effects

Missing or invalid 'incoterm' query parameter — returns 400 or validation error
Unrecognized Incoterm code (e.g. a typo like 'FOOB') — returns error or empty result
Payment failure via x402 — returns 402 Payment Required
Service unavailable — returns 5xx error

Input

{
  "input": {
    "type": "http",
    "method": "GET",
    "queryParams": {
      "incoterm": "CIF"
    }
  }
}

Schema · Request body

Field	Type	Description
inputrequired	object

Output

{
  "_meta": {
    "payment": {
      "method": "x402",
      "price_usd": 0.0324,
      "settlement_id": "0xab40d50000a336ecb2d348db0d8bb375072c0b329d1637c425052d88dd2e2b9e"
    },
    "capability": "incoterms-explain",
    "latency_ms": 0,
    "provenance": {
      "source": "algorithmic",
      "fetched_at": "2026-06-13T04:24:59.575Z"
    }
  },
  "version": "Incoterms 2020",
  "incoterm": {
    "code": "CIF",
    "full_name": "Cost, Insurance and Freight",
    "description": "Same as CFR, but seller must also arrange and pay for insurance. Under Incoterms 2020, CIF requires minimum Institute Cargo Clauses (C) — note this is LESS coverage than CIP which requires ICC(A). Risk transfers when goods are loaded on board at the origin port. Sea and inland waterway only.",
    "suitable_for": "sea_and_inland_waterway_only",
    "common_use_cases": [
      "Letter of credit transactions (banks often require CIF)",
      "Commodity trading with insurance requirements",
      "When buyer needs proof of insurance for financing",
      "Traditional maritime trade for medium-to-high-value goods",
      "Ocean freight where buyer lacks insurance access at origin"
    ],
    "buyer_obligations": [
      "Accept delivery of goods on board the vessel at the port of shipment (risk transfer)",
      "Receive goods at the named destination port",
      "Bear all risks of loss or damage from the moment goods are on board (covered by seller's insurance at ICC(C) minimum)",
      "Handle import clearance, duties, taxes, and formalities",
      "Pay unloading costs at the destination port (unless included in freight contract)",
      "File insurance claims if loss/damage occurs during transit",
      "Arrange additional insurance coverage beyond ICC(C) if desired"
    ],
    "insurance_required": true,
    "seller_obligations": [
      "Deliver goods on board the vessel at the port of shipment",
      "Contract and pay for carriage to the named destination port",
      "Obtain insurance at minimum Institute Cargo Clauses (C) coverage",
      "Clear goods for export and pay export duties",
      "Bear costs (carriage + insurance) until goods arrive at the named destination port",
      "Provide transport document and insurance certificate to the buyer",
      "Notify the buyer that goods have been loaded on board"
    ],
    "cost_transfer_point": "Named port of destination (including insurance)",
    "risk_transfer_point": "When goods are on board the vessel at the port of shipment"
  },
  "published_by": "International Chamber of Commerce (ICC)"
}

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How this service works

Explain any Incoterms 2020 rule. Returns seller/buyer obligations, risk/cost transfer points, suitability.

Output

Technical details

Endpoint

GEThttps://api.strale.io/x402/incoterms-explain

When to prefer

Side effects

Missing or invalid 'incoterm' query parameter — returns 400 or validation error
Unrecognized Incoterm code (e.g. a typo like 'FOOB') — returns error or empty result
Payment failure via x402 — returns 402 Payment Required
Service unavailable — returns 5xx error

Input

{
  "input": {
    "type": "http",
    "method": "GET",
    "queryParams": {
      "incoterm": "CIF"
    }
  }
}

Schema · Request body

Field	Type	Description
inputrequired	object

Output

{
  "_meta": {
    "payment": {
      "method": "x402",
      "price_usd": 0.0324,
      "settlement_id": "0xab40d50000a336ecb2d348db0d8bb375072c0b329d1637c425052d88dd2e2b9e"
    },
    "capability": "incoterms-explain",
    "latency_ms": 0,
    "provenance": {
      "source": "algorithmic",
      "fetched_at": "2026-06-13T04:24:59.575Z"
    }
  },
  "version": "Incoterms 2020",
  "incoterm": {
    "code": "CIF",
    "full_name": "Cost, Insurance and Freight",
    "description": "Same as CFR, but seller must also arrange and pay for insurance. Under Incoterms 2020, CIF requires minimum Institute Cargo Clauses (C) — note this is LESS coverage than CIP which requires ICC(A). Risk transfers when goods are loaded on board at the origin port. Sea and inland waterway only.",
    "suitable_for": "sea_and_inland_waterway_only",
    "common_use_cases": [
      "Letter of credit transactions (banks often require CIF)",
      "Commodity trading with insurance requirements",
      "When buyer needs proof of insurance for financing",
      "Traditional maritime trade for medium-to-high-value goods",
      "Ocean freight where buyer lacks insurance access at origin"
    ],
    "buyer_obligations": [
      "Accept delivery of goods on board the vessel at the port of shipment (risk transfer)",
      "Receive goods at the named destination port",
      "Bear all risks of loss or damage from the moment goods are on board (covered by seller's insurance at ICC(C) minimum)",
      "Handle import clearance, duties, taxes, and formalities",
      "Pay unloading costs at the destination port (unless included in freight contract)",
      "File insurance claims if loss/damage occurs during transit",
      "Arrange additional insurance coverage beyond ICC(C) if desired"
    ],
    "insurance_required": true,
    "seller_obligations": [
      "Deliver goods on board the vessel at the port of shipment",
      "Contract and pay for carriage to the named destination port",
      "Obtain insurance at minimum Institute Cargo Clauses (C) coverage",
      "Clear goods for export and pay export duties",
      "Bear costs (carriage + insurance) until goods arrive at the named destination port",
      "Provide transport document and insurance certificate to the buyer",
      "Notify the buyer that goods have been loaded on board"
    ],
    "cost_transfer_point": "Named port of destination (including insurance)",
    "risk_transfer_point": "When goods are on board the vessel at the port of shipment"
  },
  "published_by": "International Chamber of Commerce (ICC)"
}