Incoterms (INCOTERMS) 2010 Summary of

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In previous blog Incoterms 2000 we tried together, because last year "Incoterms 2010" came into effect, this time let's collectively this. The link Incoterms (INCOTERMS)? Decreased from this Incoterm trade conditions (three alphabetical characters) in the revised conventional 13 to 11, trade conditions of the 11 has been roughly classified into two. 20080914_haneda_4364_w800

Specific amendments

  • D group of DAF, DES, are four of the DEQ DDU Delete
  • Two of DAP DAT provisions instead
  • And classified according to the transport means and the "rules that are suitable for all modes of transport" to the "Rules for sea and inland waterway transport"
  • Let's put together for each group.

    1.E group (shipping)

    • EXW (Ex Works) shipment ex-factory condition

    The seller has transferred the goods to the buyer at the seller's premises (factory), is any of the subsequent freight / insurance / risk will pay the buyer. In addition, it makes the buyer export clearance.


    Links: The EXW (Ex-Works)?


    2.F group (main shipping costs excl.)

    • FAS (Free Alongside Ship) hull pass conditions

    Seller will bear the cost of up to wear the luggage next to the ship in the loading area of ​​the harbor, and the subsequent costs and risks will pay the buyer. (Seller does not have to load up on the ship)


    • FOB (Free On Board) ship deck pass conditions

    Seller will bear the cost of up to load the luggage on board in the loading area of ​​the harbor, and the subsequent cost and risk will be borne by the buyer.


    • FCA (Free Carrier) Carrier pass conditions

    Seller will bear all of the costs and risks of up to pass to the carrier the goods at the specified location (loading area of ​​the container yard, etc.), later of freight, insurance, risk will be borne by the buyer.


    3.C group (including key transport costs)

    • CFR (C & F Cost and Freight) cost and freight conditions

    Seller will bear the costs and ocean freight of up to load the luggage on board in the loading area of ​​the harbor, it insurance premiums and risk of later will be borne by the buyer. (Until Incoterms revision of 1990 has been referred to as C & F, it may be even now referred to as the C & F)


    • CPT (Carriage Paid To) transport cost included conditions

    Seller will bear the risks and ocean freight of up to pass to the carrier the goods at the specified location (loading area of ​​container yard, etc.), it cost and risk of later will pay the buyer.


    • CIF (Cost, Insurance and Freight) freight and insurance charge included conditions

    Seller, cost of up to load the luggage on board in the loading area of ​​the harbor, to bear the ocean freight and insurance, and the subsequent risk will be borne by the buyer.


    • CIP (Carriage and Insurance Paid To) transport cost included conditions

    Seller will bear the risks and ocean freight of up to pass to the carrier the goods at the specified location (loading area of ​​container yard, etc.), insurance premiums, costs and risks from the unloading area will be borne by the buyer.


    4.D group (including key transport costs)

    • DAT (Delivered Duty at Terminal) Terminal bringing pass conditions
    • Seller we will bear the costs and risks up to bring the goods to the specified terminal is unloading. Export customs clearance is done by the seller.

    • DAP (Delivered Duty at Point) destinations bring-your-own conditions
    • On the means of transport that arrived is ready for unloading, when the article was left to the disposal of the buyer, the seller will play a delivery obligations (risk transfer). Export customs clearance is not the obligation of the seller to perform, but import customs clearance.

    • DDU (Delivered Duty Unpaid) destination bringing pass tariff and tax excl conditions
    • The seller will bear the risk and all the cost to deliver the goods to the specified destination (import duties and taxes are not included).

      Classification into two to take in response to the transport mode

      Rules of Incoterms 2010 in this 11 has been classified into two broad.
      Rules suitable for any mode of transportation (Rules for Any Mode or Modes of Transport)
      • EXW Ex Works ex-factory condition
      • FCA Free Carrier Carrier pass conditions
      • CPT Carriage Paid To transport cost included conditions
      • CIP Carriage and Insurance Paid To freight insurance and conditions
      • DAT Delivered at Terminal Terminal bring pass condition (new)
      • DAP Delivered at Place destination carrying-pass condition (new)
      • DDP Delivered Duty Paid institutions including tax carry-pass conditions
      Maritime and regulations for inland waterway transport (Rules for Sea and Inland Waterway Transport)
      • FAS Free Alongside Ship hull passes
      • FOB Free On Board FOB
      • CFR Cost and Freight cost and freight
      • CIF Cost, Insurance and Freight freight insurance charge included

      To people who want to know more For more information

      It is in English, but there is also a commentary on the video.

      In addition, we summarized in the table.

      incoterms2010summary

      Which is to bear this cost?

      And have a look "That cost has not been specified whether the burden of the!" Did not seem?

      The following two points about the delivery of goods between the Incoterms primarily seller-buyer
    • "Branch point of risk transfer"
    • "The role and cost (transport arrangements and freight payment, customs clearance, the burden of the costs, etc.)."
    • For it is not merely to have to define the "basic" conditions.

      For expenses that are not described in Incoterms requires agreement between the parties.
      In addition (if you are using a DAT and DAP) new term, it does not mean that has been well-known to people who Incoterms 2010 which went into effect last year has made a trade of the whole world.

      Without having to depend on the Incoterms also in order to avoid trouble, it is important to dodge the agreement was cemented firmly content and trading partner.

      Or more, and this time it is easy, but I tried to summarize the Incoterms 2010 that went into effect last year.

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