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 | EXW | all kinds of transport | Ex 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 | FCA | all kinds of transport | Free 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 |
FAS | maritime and inland waterway transport | Free 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 | |
FOB | maritime and inland waterway transport | Free 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 | CFR | maritime and inland waterway transport | Cost 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 |
CIF | maritime and inland waterway transport | Cost, 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 | |
CIP | all kinds of transport | Carriage 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 | |
CPT | all kinds of transport | Carriage 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 | DAT | all kinds of transport | new! 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 |
DAP | all kinds of transport | new! 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 | |
DDP | all kinds of transport | Delivered 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 | |
all kinds of transport | Excluded from the Incoterms 2010 Delivered Duty Unpaid (... named place of destination) Delivered duty unpaid (... named port of destination named place of destination) | ||
all kinds of transport | Excluded from the Incoterms 2010 Delivered At Frontier (... named place) Delivered at frontier (... the name of the place of delivery) | ||
maritime and inland waterway transport | Excluded from the Incoterms 2010 Delivered Ex Quay (... named port of destination) Delivered ex quay (... named port of destination named port of destination) | ||
maritime and inland waterway transport | Excluded from the Incoterms 2010 Delivered Ex Ship (... named port of destination) Delivered ex ship (... named port of destination named port of destination) |