Inco terms 2010 will be effective from january 2011 incoterms 2010. There are also example contracts and clauses available from the icc. Carriage paid to means that the seller delivers the goods to the carrier or. Verkaufer ausfuhr vereinbarter verladung verschiffungshafen bestimmungshafen entladung. Incoterms 2010 internationale spielregeln fur warenlieferungen ins ausland. The following information is a general and very brief overview of incoterms 2010. List of incoterms international commercial terms cfr cost and freight the exporter must deliver the goods at the port of destination selected by the importer. This appears to suggest that, in recent times, the incoterms rules have been revised at 10year intervals.
By letter of 28 february 2000 reproduced in annex i, the secretarygeneral of the international chamber of commerce icc requested the commission to consider endorsing incoterms 2000 for worldwide use. Join our community just now to flow with the file incoterms 2010 and make our shared file collection even more complete and exciting. The incoterms rules have become an essential part of the daily language of trade. Rules for any mode or modes of transport ex works exw insert named place of delivery incoterms 2010 guidance note this rule may be used irrespective of the mode of transport selected and may also be used where more than one mode of transport is employed. Facts nordea offers a full range of trade finance services and is the. What they are incoterms is an abbreviation of international commercial terms incoterms are published by the international chamber of commerce first published in 1936 latest version 2011 incoterms are sales terms incorporated within the contract of sale incoterms are not law, they are an agreement between two parties. International commercial terms incoterms 2010 rules or. As of 1st january 2011, the eighth version came into effect reducing variations from to 11 with main changes in section d for delivery and these are now dat, dap and ddp. September 2011 introduction as the publisher of the new incoterms 2010 rules for the use of domestic and international trade terms, the international chamber of commerce icc is committed to. Vat isn t covered by incoterms you need to specify who pays the vat on both imports and exports.
Summary of main changes post 1st january 2011 the number of categories has been reduced from four to two. The ex works term is often used when making an initial quotation for the sale of goods. Green indicates the seller has the responsibility to provide the service blue indicates it is the buyers responsibility exwincoterms fas fca fob cfr cif cpt cip dat dap ddp load to. This trade term places the greatest responsibility on the buyer and minimum obligations on the seller. Incoterms provide a set of international rules for the interpretation of the most. It is highly recommended that any company participating in international sales invest in either an incoterm training seminar or a complete icc guide to incoterms. They are incorporated in contracts for the delivery of goods worldwide and. The 11 clauses in international trade are a guide and define the main responsibilities of buyers and sellers in international sales contracts. Transport expenses are thus the responsibility of the exporter.
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