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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)
Franco factory (... named place)

FCA

all kinds of transport

Free Carrier (...named place)
Franco 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
Delivered Duty Unpaid (... named place of destination)

DAF

all kinds of transport

It is excluded from Incoterms 2010
Delivered At Frontier (... named place)

DEQ

all kinds of transport

It is excluded from Incoterms 2010

DES

all kinds of transport

It is excluded from Incoterms 2010
Delivered Ex Ship (... named port of destination)