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
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F category. Main carriage not paid by seller
FCA
FAS
FOB
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C category. Main carriage paid by the seller
CFR
CIF
CIP
CPT
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D category. Delivery
new! DAT
new! DAP
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 DEQ
Excluded from the Incoterms 2010 DES
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