The regulations came into force on January 1, 2011.
Incoterms 2010 – it is the international law recognized by government agencies, law firms and traders around the world as the most appropriate in the interpretation of international trade terms.
The scope of Incoterms 2010 apply to the rights and obligations of the parties under the contract of sale of goods delivery (terms of delivery of goods).
Each term of Incoterms 2010 is an acronym of three letters.
Here is a list of Incoterms 2010 terms and the necessary comments to them.
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EXW
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FCA
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FAS
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FOB
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CFR
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CIF
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CIP
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CPT
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DAT
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DAP
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DDP
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E category. Carriage
EXW
any modes of transport
Free Carrier (... named place)
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F category. Main carriage not paid by seller
FCA
any modes of transport
Free Carrier at (... named place)
FAS
marine and inland water carriage
Free Alongside Ship (... named port of shipment)
FOB
marine and inland water carriage
Free on Board (... named port of shipment)
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C category. Main carriage paid by the seller
CFR
marine and inland water carriage
Cost and Freight (... named port of destination)
CIF
marine and inland water carriage
Cost, Insurance and Freight (... named port of destination)
CIP
any modes of transport
Freight / Carriage and Insurance Paid To (... named place of destination)
CPT
any modes of transport
Freight / Carriage Paid To (... named place of destination)
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D category. Delivery
new! DAT
any modes of transport
Delivery at the Terminal (terminal name ...)
new! DAP
any modes of transport
Delivery at the Place (... named place)
DDP Delivered Duty Paid (... named place of destination)
Excluded from the Incoterms 2010 DDU
any modes of transport
Delivered Duty Unpaid (... named place of destination)
Excluded from the Incoterms 2010 DAF
any modes of transport
Delivered At Frontier (... named delivery place)
Excluded from the Incoterms 2010 DEQ
any modes of transport
Delivered Ex Quay (... named port of destination)
Excluded from the Incoterms 2010 DES
any modes of transport
Delivered Ex Ship (... named port of destination)
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