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Incoterms 2010 seminar series  




 

  


 

eBook - Incoterms® 2010

Price: $55.00
Item No.: 715 eBook
ISBN: 978-92-842-0080-1
THIS IS AN eBOOK.  AFTER COMPLETING THE ORDER PROCESS, AN EMAIL WITH DOWNLOAD INSTRUCTIONS WILL BE SENT TO YOU.  Thank you!
 

Incoterms®2010

ICC Official Rules for the Interpretation of Trade Terms
 
Pub No. 715 eBook
2010 Edition
 
Implementation Date: January 1, 2011
 
The first Incoterms rules were released in 1936 by the International Chamber of Commerce.  They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law.  ICC’s Incoterms help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods.
 
International trade becomes more and more complex.  Therefore, universally used rules are essential to avoid misunderstandings and costly disputes.  Regularly incorporated into sales contracts worldwide, Incoterms® rules define the responsibilities of sellers and buyers for the delivery of goods.  Incoterms® 2010 continues a 70-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules.  A new classification system divides the 11 Incoterms® rules into two distint groups:
 
Rules for any mode of transport: EXW  FCA  CPT  CIP  DAT  DAP  DDP
Rules for waterway transport: FAS  FOB  CFR  CIF
 
In addition to the 11 rules, Incoterms® 2010 includes:
  • Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;
  • New classification to help choosing the most suitable rule in relation to the mode of transport;
  • Advice for the use of electronic procedures;
  • Information on security-related clearances for shipments;
  • Advice for the use of Incoterms® 2010 in domestic trade.
Table of Contents
Foreword

Introdcution
 
RULES FOR ANY MODE OR MODES OF TRANSPORT
 
EXE   ex works
FCA   free carrier
CPT   carriage paid to
CIP    carriage and insurance paid to
DAT   delivered at terminal
DAP   delivered at place
DDP   delivered duty paid
 
RULES FOR SEA AND INLAND WATERWAY TRANSPORT
 
FAS   free alongside ship
FOB   free on board
CFR   cost and freight
CIF   cost insurance and freight
  

 

 

 

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