Incoterms 2010 | Рус-логистик логистическая компания в Новороссийске

Incoterms 2010

Incoterms 2010 are international rules recognized by governments, law firms and merchants around the world as the interpretation of the most applicable terms in international trade.

INCOTERMS-2010

The edition entered into force on January 01, 2011.

Incoterms 2010 are international rules recognized by governments, law firms and merchants around the world as the interpretation of the most applicable terms in international trade.

The scope of Incoterms 2010 applies to the rights and obligations of the parties to the contract of sale in terms of delivery of goods (terms of delivery of goods).

Here is a complete list of Incoterms 2010 terms and the necessary comments to them.

Differences between the new edition of INCOTERMS 2010 and the previous INCOTERMS 2000:

Terms and conditions: DAP and DAT: In Incoterms 2010 the number of terms was reduced from 13 to 11. However, two new provisions (DAP — delivered at place, and DAT — delivered at terminal) have been introduced, which can be used as multimodal. The four least practiced terms were eliminated (DAF, DES, DEQ, and DDU).
The term DAT (delivery to terminal) replaces the term DEQ: the goods are placed at the disposal of the customer unloaded from the arriving vehicle. DAT as opposed to DEQ is applicable to multimodal transportation. According to logistics experts, delivery to the DAT terminal corresponds most closely to port logistics practices.
The term DAP (delivery to point) is a common provision where it is important to specify the exact destination. The term DAP supersedes the following three terms: DAF, DES, DDU, as well as stipulates that the goods are provided to the customer being ready for unloading (in our conditions — for transfer under customs surveillance, or for customs clearance).
New costs and risks in FOB, CFR and CIF: in FOB (free on board), CFR (cost and freight) and CIF (cost, insurance and freight) delivery terms, costs and risks are set in a new way. In Incoterms 2000 under these three conditions of delivery risk passed upon delivery to the vessel, while in Incoterms 2010 the transfer of risk is carried out after full loading of the cargo on board the vessel (allocation of responsibility and transfer of risks in Incoterms 2000 see below).

Incoterms 2010 structure:

- Group E: the seller's obligations are minimal and limited to placing the goods at the customer's disposal;
- Group F: the seller's obligations are limited to dispatching the goods and the seller has not paid for the primary transportation;
- Group C: the seller arranges and pays for the transportation without assuming the risks involved;
- Group D: the seller's costs and risks are maximized because of the obligation to place the goods at the disposal of the customer at the agreed destination (ensure arrival).
Within the groups, the main liabilities do not differ significantly. For example, in Group C under CIF and CIP bases, the seller must additionally insure the goods, and in Group D under DDP condition — to pay import duties. Within Groups F and D there are differences related to loading (unloading).

INCOTERMS 2010

Category E	EXW	shipment of any transportation mode	EX Works ( ... named place) Ex-Works ( ... named place) Risk transfer: At the moment the goods are handed over at the seller's warehouse Export customs formalities: Customer's responsibility Import customs formalities: Customer's responsibility
Category F Main shipment not paid by seller	FCA	any transportation	mode Free Carrier (...named place) Free Carrier (...named place) Risk transfer: At the moment of handover to the carrier at the seller's warehouse Export customs formalities: Seller’s responsibility Import customs formalities: Buyer's responsibility
	FAS	maritime and inland waterway transportation	Free Alongside Ship (... named port of shipment) Risk transfer: At the moment the goods are placed along the side of the vessel Export customs formalities: Seller’s responsibility Import customs formalities: Buyer's responsibility
	FOB	maritime and inland waterway transportation	Free On Board (... named port of shipment) Risk transfer: From the moment of full loading on board the vessel Export Customs formalities: Seller's responsibility Import customs formalities: Buyer's responsibility
Category C Main shipment paid by the seller	CFR	any maritime and inland waterway transportation	Cost and Freight (... named port of destination) Cost and freight (... name of destination port) Risk transfer: From the moment of full loading on board the vessel Export Customs formalities: Seller's responsibility Import customs formalities: Customer's responsibility
	CIF	maritime and inland waterway transportation	Cost, Insurance and Freight (... named port of destination) Cost, Insurance and Freight (... named port of destination) Risk transfer: From the moment of full loading on board the vessel Export Customs formalities: Seller's responsibility Import customs formalities: Buyer's responsibility
	CIP	any transportation mode	Carriage and Insurance Paid To (... named place of destination) Carriage and Insurance Paid Тo (... named place of destination) Risk transfer: At the moment of delivery/transfer to the carrier Export Customs formalities: Seller's responsibility Import customs formalities: Buyer's responsibility
	CPT	any transportation mode	Carriage Paid To (... named place of destination) Carriage Paid To (... named place of destination) Risk transfer: At the moment of delivery/transfer to the carrier Export Customs formalities: Seller's responsibility Import customs formalities: Buyer's responsibility
Category D	DAT	shipment any transportation mode	new!!! Delivered At Terminal (... named terminal of destination) Delivered At Terminal (... named terminal of destination) Risk transfer: At the moment of delivery of goods to the customer's terminal Export Customs formalities: Seller's responsibility Import customs formalities: Customer's responsibility
	DAP	any transportation mode	new!!! Delivered At Point (... named point of destination) Delivered At Piont (... named point of destination) Risks: At the moment of delivery of the goods to the point specified by the customer Export Customs formalities: Seller's responsibility Import customs formalities: Customer's responsibility
	DDP	any transportation mode	Delivered Duty Paid (... named place of destination) Delivered Duty Paid (... named place of destination) Risk transfer: When the goods are placed at the disposal of the customer Export Customs formalities: Seller's responsibility Import Customs formalities: Seller's responsibility
	~~DDU~~	any transportation mode	Excluded from Incoterms 2010 Delivered Duty Unpaid (... named place of destination) Delivered Duty Unpaid (... named place of destination)
	~~DAF~~	any transportation mode	Deleted from Incoterms 2010 Delivered At Frontier (... named place) Delivered At Frontier (... named place)
	~~DEQ~~	maritime and inland waterway transportation	Deleted from Incoterms 2010 Delivered Ex Quay (... named port of destination) Delivered Ex Quay (... named port of destination)
	~~DES~~	maritime and inland waterway transportation	Deleted from Incoterms 2010 Delivered Ex Ship (... named port of destination) Delivered Ex Ship (... named port of destination)

Incoterms 2010 | Рус-логистик логистическая компания в Новороссийске

Incoterms 2010

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