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Acceptedbygovernments,legalauthoritiesandpractitioners
Firstpublishedin1936andtheeighthversion-Incoterms2010
EXW–ExWorks
FCA–FreeCarrier
FAS–FreeAlongsideShip
FOB–FreeOnBoard
CFR–CostandFreight
CIF–Cost,Insurance&
amp;
Freight
CPT–CarriagePaidTo
CIP–Carriage&
InsurancePaidTo
DEQ–DeliveredExQuay
DES–DeliveredExShip
DAF–DeliveredatFrontier
DDU–DeliveredDutyUnpaid
DDP–DeliveredDutyPaid
DAT–DeliveredAtTerminal
DAP–DeliveredAtPlace
INCOTERMS2000
StructureofIncoterms2010
Incoterms2010defines11rules,reducingthe13usedinIncoterms2000
ClassificationofIncotermsrules:
E
:
EXW
F
FCA,FAS,FOB
C
CFR,CIF,CPT,CIP
8>
<
#004699'
>
D
DAF,DES,DEQ,DDU,DDP
RulesforAnyMode(s)ofTransport
EXW–ExWorks(namedplaceofdelivery)
FCA–FreeCarrier(namedplaceofdelivery)
CPT-CarriagePaidTo(namedplaceofdestination)
CIP–CarriageandInsurancePaidto(namedplaceofdestination)
DAT–DeliveredatTerminal(namedterminalatportorplaceofdestination)
DAP–DeliveredatPlace(namedplaceofdestination)
DDP–DeliveredDutyPaid(namedplaceofdestination)
RulesforSeaandInlandWaterwayTransport
FAS–FreeAlongsideShip(namedportofshipment)
FOB–FreeonBoard
(namedportofshipment)
CFR–CostandFreight(namedportofdestination)
CIF–Cost,InsuranceandFreight(namedportofdestination)
3.
Incoterms2010beganfromJanuary1,2011
EXW–ExWorks(namedplaceofdelivery)
TherequirementsoftheIncotermsrulearethatthesellermustnotifythebuyerthatthegoodsarereadyforpick-up,andthatthebuyerisresponsibletoarrangeforafreightcarriertocollectthegoods.
ResponsibilitiesofSeller/BuyerandRiskShift:
PointthatRiskShiftstoBuyer
SendingLocation
Port/PlaceofDeparture
Port/PlaceofDestination
ReceivingLocation
ResponsibilitiesofBuyer:
payforavehicletopickupthegoods
clearthegoodsforexport
payfortheinternationaljourney
clearthegoodsforimport
payfordomestictransportationintheimportingcountry
FCA–FreeCarrier(namedplaceofdelivery)
TherequirementsoftheIncotermsrulearethatthesellerdeliversthegoodstothecarrierselectedbythebuyerandclearsthegoodsforexport.
Port/PlaceofDeparture
payfortheinternationaljourney
ResponsibilitiesofSeller:
payforavehicletodeliverthegoodstothecarrier
CPT-CarriagePaidTo(namedplaceofdestination)
CarriagePaidToisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstothecityofdestinationselectedbythebuyer.Itdoesnotincludeinsurancefortheinternationalvoyage.
ResponsibilitiesofSeller/BuyerandRiskShift:
Port/PlaceofDestination
payfortheinternationaltransport
CIP–CarriageandInsurancePaidto(namedplaceofdestination)
TherequirementsoftheIncotermsrulearethatthesellerclearsthegoodsforexport,paysfortheinternationalvoyageandinternationalinsurance,anddeliversthegoodsintheCityofDestination.
payforinsurance
DAT–DeliveredatTerminal(namedterminalatportorplaceofdestination)
Delivered
At
TerminalisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstoaterminal(whetherinaportoracity),unloadedfromthemeansoftransport,inacityofdestinationselectedbythebuyer.DeliveredAtTerminalisanewlycreatedIncotermsrule,createdin2010.
Port/TerminalofDestination
DAP–DeliveredatPlace(namedplaceofdestination)
DeliveredAtPlaceisanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoods,stillloadedontothemeansoftransport,toacityofdestinationselectedbythebuyer.DeliveredAtPlaceisanewlycreatedIncotermsrule,createdin2010.
payfordomestictransportation
payfordomestictransportationintheimportingcountry,ifapplicable
DDP–DeliveredDutyPaid(namedplaceofdestination)
TherequirementsoftheIncotermsrulearethatthesellermustclearthegoodsforexport,payfortheinternationalvoyage,clearCustomsintheimportingcountry,anddeliverthegoodsinthecityofdestination.
clearthegoodsintheimportingcountry
payfortransportationthegoodstothefinaldestinationintheimportingcountry
payfortaxintheimportingcountry
FAS–FreeAlongsideShip(namedportofshipment)
TherequirementsoftheIncotermsrulearethatthesellermustdeliverthegoodstotheportandmustclearthegoodsforexport.
payfortransportingthegoodstotheportofdeparture
FOB–FreeonBoard(namedportofshipment)
TherequirementsoftheIncotermrulearethatthesellermustdeliverthegoodsonboardtheshipandmustclearthegoodsforexport
.
PortofDestination
CFR–CostandFreight(namedportofdestination)
CostandFreight(CFR)isanIncotermsrulereflectingthepracticeofhavingthesellerdeliverthegoodstothePortofDestinationselectedbythebuyer.TheIncotermsruledoesnotinclude;
insurance;
fortheinternationalvoyage.
payforloadingthegoodsontotheship
PortofDeparture
CIF–Cost,InsuranceandFreight(namedportofdestination)
TherequirementsoftheIncotermsrulearethatthesellermustclearthegoodsforexport,payfortheinternationalvoyageandinternationalinsuranceanddeliverthegoodstothePortofDestination.
INCOTERMS2010OVERVIEW
The
Incoterms
RulesAPCIprefers
FCA
CPT
CIP
DAP
DAT
DDP
RulesAPCIdoesnotprefer
EX-WORKS
FAS
FOB
CFR
CIF
Thankyou!