Incoterms 2010

The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International commercial transactionsor Procurement processes. A series of three-letter trade terms related to common contractual sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods. First published in 1936, the Incoterms rules have been periodically updated, with the eighth version—Incoterms 2010—having been published on January 1, 2011. “Incoterms” is a registered trademark of the ICC.

„Incorerms-2010“ defines following 11 rules:

• EXW / EX Works (named place)
• FCA / Free Carrier (named place)
• FAS / Free Alongside Ship (named port of shipment)
• FOB / Free On Board (named port of shipment)
• CFR / Cost and Freight (named port of destination)
• CIF / Cost, Insurance and Freight (named port of destination)
• CPT / Carriage Paid To (named place of destination)
• CIP / Carriage and Insurance Paid То (named place of destination)
• DAT / Delivered At Terminal (named terminal of destination)
• DAP / Delivered At Place (named place of destination)
• DDP / Delivered Duty Paid (named place of destination)