Incoterms 2010
Rules come into effect since January 01st, 2011
Incoterms 2010 - are international rules recognized by a governmental bodies, the legal companies and businessmen over the world as interpretation of the most applicable in international trade of terms.
The sphere of action of Incoterms 2010 extends on the rights and duties of the parties under the contract of purchase and sale regarding delivery of the goods (the term of delivery of the goods).
Each term of Incoterms 2010 represents an abbreviation from three letters.
Here the complete list of terms of Incoterms 2010 and necessary comments to them are presented.
|
EXW |
all kinds of transport |
EX Works ( ... named place) |
|
FCA |
all kinds of transport |
Free Carrier (...named place) |
|
FAS |
Sea and internal sailing charter |
Free Alongside Ship (... named port of shipment) |
|
FOB |
Sea and internal sailing charter |
Free On Board (... named port of shipment) |
|
CFR |
Sea and internal sailing charter |
Cost and Freight (... named port of destination) |
|
CIF |
Sea and internal sailing charter |
Cost, Insurance and Freight (... named port of destination) |
|
CIP |
all kinds of transport |
Carriage and Insurance Paid Тo (... named place of destination) |
|
CPT |
all kinds of transport |
Carriage Paid To (... named place of destination) |
|
DAT |
all kinds of transport |
Delivered At Terminal (... named terminal of destination) |
|
DAP |
all kinds of transport |
Delivered At Piont (... named point of destination) |
|
DDP |
all kinds of transport |
Delivered Duty Paid (... named place of destination) |
|
DDU |
all kinds of transport |
It is excluded from Incoterms 2010 |
|
DAF |
all kinds of transport |
It is excluded from Incoterms 2010 |
|
DEQ |
all kinds of transport |
It is excluded from Incoterms 2010 |
|
DES |
all kinds of transport |
It is excluded from Incoterms 2010 |