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Incoterms 2010

 

The rules became effective on January 1, 2011. Incoterms 2010 – are the international rules, terms, accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade.
The scope of Incoterms 2010 applied to all rights and obligations of the parties according to the Sales and Purchase agreement in a part of delivering goods (terms of delivering goods). 
Every term of Incoterms 2010 consists of three-letter abbreviation. There are comprehensive list of terms Incoterms 2010 and necessary explanation.

 

Category E
Shipping

EXW

Any mode of transport

EX Works ( ... named place) 

Category F
The Seller does not pay for carriage

FCA

Sea and internal water carriage

Free Carrier (...named place) 

FAS

Sea and internal water carriage

Free Alongside Ship (... named port of shipment) 

FOB

Sea and internal water carriage

Free On Board (... named port of shipment) 

Category F
The Seller shall pay for carriage

CFR

Any mode of transport

Cost and Freight (... named port of destination) 

CIF

Any mode of transport

Cost, Insurance and Freight (... named port of destination) 

CIP

Any mode of transport

Carriage and Insurance Paid Тo (... named place of destination) 

CPT

Any mode of transport

Carriage Paid To (... named place of destination) 

Category D
Delivering

DAT 

Any mode of transport

new!!! 
Delivered At Terminal (... named terminal of destination) 

DAP 

Any mode of transport

new!!! 
Delivered At Piont (... named point of destination) 

DDP

Any mode of transport

Delivered Duty Paid (... named place of destination) 

DAF

Any mode of transport

Eliminated from Incoterms 2010 
Delivered At Frontier (... named place) 

DEQ

Any mode of transport

Eliminated from Incoterms 2010 
Delivered Ex Quay (... named port of destination) 

DES

Any mode of transport

Eliminated from Incoterms 2010 Delivered Ex Ship (... named port of destination)