Incoterms 2010_Introduction and Presentation

8/3/2019 Incoterms 2010_Introduction and Presentation

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Incoterms2010By the International Chamber of Commerce (ICC)

1Only for Internal use


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Obligations

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The sellers obligations

A1 General obligations of theseller

A2 Licences, authorizations,security clearances and other

formalities

A3 Contracts of carriage andinsurance

A4 Delivery

A5 Transfer of risks

A6 Allocation of costs

The buyers obligation

B1 General obligations of thebuyer

B2 Licenses, authorizations,security clearances and other

formalities

B3 Contracts of carriage andinsurance

B4 Taking delivery

B5 Transfer of risks

B6 Allocation of costs

Only for Internal use


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Obligations

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The sellers obligations

A7 Notices to the buyer

A8 Delivery document

A9 Checking packaging marking

A10 Assistance withinformation and related costs

The buyers obligation

B7 Notices to the seller

B8 Proof of delivery

B9 Inspection of goods B10 Assistance with information

and related costs



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EXW Ex Work (insert named place of delivery) Incoterms2010

FCA Free Carrier (insert named place of delivery) Incoterms2010

CPT Carriage Paid To (insert named place of destination) Incoterms2010

CIP Carriage and Insurance Paid to (insert named place of destination)Incoterms2010

DAT Delivered At Terminal (insert named terminal at port or place ofdestination) Incoterms2010

DAP Delivered At Place (insert named place of destination) Incoterms2010

DDP Delivered Duty Paid (insert named place of destination) Incoterms2010

Rules for any mode or modes of transport



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Pick-up

EXW Ex works

DELIVERY

Incoterms2010

Handling Handling

Delivery

EXW represents the minimum obligation for seller.

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Pick-up

FCA Free Carrier

Handling Handling

Delivery

DELIVERY

Incoterms2010

FCA requires the seller to clear the goods for export.




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Pick-up

Handling Handling

Delivery

DELIVERY

Incoterms2010

CPT has two critical points, because risk passes

and costs are transferred at different places.

CPT Carriage Paid To




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Pick-up

Handling Handling

Delivery

DELIVERY

Under CIP seller is required to obtain insurance

only on minimum cover.

Incoterms2010

CIP Carriage and Insurance Paid to




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DAT Delivered At Terminal

Handling Handling

Delivery

DELIVERY

Incoterms2010

Important to specify as clearly as possible theterminal and, if possible, a specific point within the

terminal at the agreed port or place of destination, asthe risks to that point are for account of the seller.




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Handling Handling

Delivery

DELIVERY

Incoterms2010

DAP Delivered At Place

DAP means that seller delivers when goods areplaced at the disposal of the buyer on the arriving

means of transport ready for unloading.




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Pick-up

Handling

Loading Unloading

Handling

Delivery

DELIVERY

Incoterms2010

DAP represents the maximum obligation

for the seller.

DDP Delivered Duty Paid

Transit



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FAS Free Alongside Ship (insert named port ofshipment) Incoterms2010

FOB Free On Board (insert named port of

shipment) Incoterms

2010

CFR Cost and Freight (insert named port ofdestination) Incoterms2010

CIF Cost Insurance and Freight (insert namedport of destination) Incoterms2010

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Rules for sea and inland waterway transport



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FAS Free Alongside Ship

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Handling Handling

Delivery

DELIVERY

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Unloading

Where goods are in containers, it is typicalfor the seller to hand the goods over to the

carrier at the terminal and not alongsideship. In such situations, FAS would be

inappropriate, and FCA should be used.

Incoterms2010



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FOB Free on Board

Handling

Delivery

Handling DELIVERY

The risk of loss of or damage to the goodspasses when the goods are on board thevessel, and the buyer bears all costs from

that moment onwards.

Incoterms2010

LoadingTransit

Unloading



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CFR Cost and Freight

Handling Handling

Delivery

Incoterms2010

TransitUnloading

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The risk passes when goods are on boardthe vessel, but seller must pay the costs andfreight necessary to bring the goods to the

named port of destination.

DELIVERY

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Pick-up

Handling Handling

CIF Cost Insurance and Freight

Incoterms2010

TransitUnloading

If the seller incurs costs under its contract ofcarriage related to unloading at the specifiedpoint at the port of destination, the seller is

not entitled to recover such costs from buyer

unless otherwise agreed between the parties.

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DELIVERY

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Thank you for your attendance

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Incoterms 2010_Introduction and Presentation

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