{"id":1359,"date":"2023-04-21T10:33:57","date_gmt":"2023-04-21T08:33:57","guid":{"rendered":"https:\/\/www.mantoshipping.com\/incoterms\/"},"modified":"2023-05-11T17:49:07","modified_gmt":"2023-05-11T15:49:07","slug":"incoterms","status":"publish","type":"page","link":"https:\/\/www.mantoshipping.com\/en\/incoterms","title":{"rendered":"Incoterms"},"content":{"rendered":"\t<\/div>\t
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\n\t\t\t\t\t\t\t\t\t\t\t\tShipping <\/span>\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t

International commercial terms<\/h2>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t
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The International Chamber of Commerce (ICC) has published the approval of the 2010 revision of the Incoterms (\u201cinternational commercial terms\u201d, comprising all the rules and reference guidelines for international commerce that identify the responsibilities and the obligations of the contracting parties regarding the expenses and the risks related to the delivery of the goods), whose coming into force was fixed for 1st of January 2011.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t

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Since its introduction in 1936, the International Chamber of Commerce has periodically revised the above-mentioned rules with the main purpose of better meeting the various needs of global commerce and of standardising the various commercial practices.<\/p>\n

Ten years from the last modification, the I.C.C. wanted to update the Incoterms by acknowledging and regulating the changes that have taken place in global commercial traffic (e.g. by acknowledging the by now preponderance of electronic communications and the new transportation security requirements). More particularly, it is possible to see how the 2010 revision reduces the rules from 13 to 11, abolishing Incoterms D.D.U., D.E.Q., D.E.S., D.A.F. and creating two new acronyms, including the important D.A.T. (Delivered At Terminal) that recognises the Terminal as the delivery place that is currently the most used, especially for goods in containers.<\/p>\n

 <\/p>\n

Consequently the 2010 Incoterms will be reorganised into the following groups:<\/strong><\/p>\n

 <\/p>\n

By any type of transportation:<\/p>\n

    \n
  • CIP \u2013 Carriage and Insurance Paid \u2013 (destination)<\/li>\n
  • CPT \u2013 Carriage Paid To<\/li>\n
  • DAP \u2013 Delivered At Place<\/li>\n
  • DAT \u2013 Delivered At Terminal<\/li>\n
  • DDP \u2013 Delivered Duty Paid<\/li>\n
  • EXW \u2013 Ex Works<\/li>\n
  • FCA \u2013 Free Carrier<\/li>\n<\/ul>\n

     <\/p>\n

    Only by sea or inland waterway transportation:<\/strong><\/p>\n

     <\/p>\n

      \n
    • CFR \u2013 Cost and Freight<\/li>\n
    • CIF \u2013 Cost, Insurance and Freight<\/li>\n
    • FAS \u2013 Free Alongside Ship<\/li>\n
    • FOB \u2013 Free On Board (embarkation port)<\/li>\n<\/ul>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t
      \n\n\n
      \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
      Incoterm<\/th>\n Meaning<\/th>\n Where<\/th>\n Loading on truck
      (carrier)<\/th>\n       		Export customs declaration<\/th>\n Carriage to port of export<\/th>\n Unloading of truck in port of export<\/th>\n Loading charges in port of export<\/th>\n Carriage to port of import<\/th>\n Unloading charges in port of import<\/th>\n Loading on truck in port of import<\/th>\n Carriage to place of destination<\/th>\n Insurance<\/th>\n Import Customs clearance<\/th>\n Import taxes<\/th>\n <\/tr>\n <\/thead>\n
      EXW<\/strong><\/td>\n Ex Works<\/td>\n Named place of delivery<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      FCA<\/strong><\/td>\n Free Carrier<\/td>\n Named place of delivery<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      FAS<\/strong><\/td>\n Free Alongside ship<\/td>\n Named place of shipment<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      FOB<\/strong><\/td>\n Free on Board<\/td>\n Named place of shipment<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      CFR<\/strong><\/td>\n Cost & Freight<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      CIF<\/strong><\/td>\n Cost Insurance & Freight<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      DAT<\/strong><\/td>\n Delivered at Terminal<\/td>\n Named terminal at port or place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      CPT<\/strong><\/td>\n Carriage Paid To<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      DAP<\/strong><\/td>\n Delivered at Place<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Buyer<\/td>\n Buyer<\/td>\n <\/tr>\n
      CIP<\/strong><\/td>\n Carriage & Insurance Paid To<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n <\/tr>\n
      DDP<\/strong><\/td>\n Delivered Duty Paid<\/td>\n Named place of destination<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n Seller<\/td>\n <\/tr>\n <\/tbody>\n <\/table>\n<\/div>\n\n\n <\/div>
      \n   <\/div>\n
      ","protected":false},"excerpt":{"rendered":"

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