Incoterms 2010 (English Incoterms, International, commerce terms.) - the international rules for the interpretation of the most commonly used trade terms in foreign trade. International commercial terms are the standard terms of an international contract of sale, which are defined in advance in an internationally recognized document, which came into force on January 1, 2011.
September 16, 2010 International Chamber of Commerce has announced the release of a new edition on the use of national and international trade terms. Rules Incoterms 2010 reflect modern trends in international trade, established since the release of the latest edition of the Rules in 2000.
The total number of terms is reduced from 13 to 11. Also in Regulation 2 new term: DAT (delivery terminal) and DAP (Delivery paragraph) was replaced with rules DAF, DES, DEQ, DDU Incoterms 2000 (Incoterms 2000). In addition, the new version contains a small guide to each term to help users Incoterms 2010 Rules select the desired term.
Each term Inkoterms 2010 (Incoterms 2010) is a three-letter abbreviation.
Classification trading terms (Group 4)
• Group E - Place of departure (Departure):
o EXW. Ex Works (named place): the goods from the seller's warehouse.
• Group the F - Main carriage paid (Main Carriage Unpaid):
o FCA. Free Carrier (named place): the goods are delivered to the carrier of the customer.
o FAS. Free Alongside Ship (specified port of loading): the goods are delivered to the customer's vehicle.
o FOB. Free On Board (specified port of loading): the goods are loaded on a ship of the customer.
• the C Group - Main carriage paid (Main Carriage Paid):
o CFR. Cost and Freight (named port of destination): the goods are delivered to the customer port (without unloading).
o CIF. Cost, Insurance and Freight (named port of destination): the goods are insured and delivered to the port of the customer (without unloading).
o CPT. Carriage Paid To (named place of destination): the goods are delivered to the carrier in the customer specified destination.
o CIP. Carriage and Insurance Paid to (named place of destination): the goods are insured and delivered to the carrier in the customer specified destination.
• Group D - Delivery (Arrival):
o DAP. Delivered at Place: delivery at the destination.
o DAT. Delivered at Terminal: delivery to the terminal. Export payments lie with the seller, and import on the buyer. The terminal is located at the border, you need to specify the name of the terminal.
o DDP. Delivered Duty Paid (named place of destination): the goods are delivered to the customer, purified from fees and risks.
o DEQ (Delivered Ex Quay), DES (Delivered Ex Ship), DDU, DAF were excluded from the Incoterms 2010.