INCOTERMS 2010-a collection of interpretations of the terms of international trade

 

Incoterms is a collection of interpretations of the terms of international trade; international rules that all actors are subject to international trade.

All the rules (conditions) of contracts for the international sale of goods are described using the accepted terminology in Incoterms.

The latest edition of the compilation of international trade terms Incoterms 2010 is.

The scope of Incoterms 2010 (Incoterms 2010) applies to rights and obligations of the parties under the agreement of purchase and sale in the part of the delivery of goods (delivery of goods).

Each term Incoterms 2010 is a three-letter abbreviation.

 

Category E
Shipment
EXWall kinds of transportEx Works (... named place)
Ex works (... the name of the place)
Transfer of risks: at the moment of transfer of the goods in the warehouse of the seller
Export customs formalities: the responsibility of the buyer
Import customs formalities: the responsibility of the buyer
Category F
Main carriage unpaid
FCAall kinds of transportFree Carrier (... named place)
Free carrier (... the name of the place)
Transfer of risks: at the time of transfer to the carrier in a warehouse of the seller
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
FASmaritime and inland waterway transportFree Alongside Ship (... named port of shipment)
Free alongside ship (... named port of destination named port of shipment)
Transfer of risks: at the moment of placing the goods alongside the vessel
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
FOBmaritime and inland waterway transportFree On Board (... named port of shipment)
Free on Board (... named port of destination named port of shipment)
Transfer of risks: since the complete loading on the vessel
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
Category C
Main carriage paid
CFRmaritime and inland waterway transportCost and Freight (... named port of destination)
Cost and freight (... named port of destination named port of destination)
Transfer of risks: since the complete loading on the vessel
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
CIFmaritime and inland waterway transportCost, Insurance and Freight (... named port of destination)
Cost, insurance and freight (... named port of destination named port of destination)
Transfer of risks: since the complete loading on the vessel
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
CIPall kinds of transportCarriage and Insurance Paid Here (... named place of destination)
Freight/carriage and insurance paid to (... named port of destination name of destination)
Transfer of risks: at the time of delivery/transfer of carrier
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
CPTall kinds of transportCarriage Paid To (... named place of destination)
Freight/carriage paid to (... named port of destination named place of destination)
Transfer of risks: at the time of delivery/transfer of carrier
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
Category D
Delivery
DATall kinds of transportnew!
Delivered At Terminal (... named terminal of destination)
Delivered at Terminal (... name of the Terminal)
Transfer of risks: at the time of delivery of the goods at the buyer's Terminal
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
DAPall kinds of transportnew!
Delivered At Piont (... named point of destination)
Delivery in paragraph (... the title of the item)
Risks: at the time of delivery of the goods at the point specified by buyer
Export customs formalities: seller's liability
Import customs formalities: the responsibility of the buyer
DDPall kinds of transportDelivered Duty Paid (... named place of destination)
Delivered duty paid (... named place of destination)
Transfer of risks: at the time of transfer of the goods at the buyer's disposal
Export customs formalities: seller's liability
Import customs formalities: seller's liability
DDUall kinds of transportExcluded from the Incoterms 2010
Delivered Duty Unpaid (... named place of destination)
Delivered duty unpaid (... named port of destination named place of destination)
DAFall kinds of transportExcluded from the Incoterms 2010
Delivered At Frontier (... named place)
Delivered at frontier (... the name of the place of delivery)
DEQmaritime and inland waterway transportExcluded from the Incoterms 2010
Delivered Ex Quay (... named port of destination)
Delivered ex quay (... named port of destination named port of destination)
DESmaritime and inland waterway transportExcluded from the Incoterms 2010
Delivered Ex Ship (... named port of destination)
Delivered ex ship (... named port of destination named port of destination)