The International Chamber of Commerce has released the table of contents to the Incoterms 2010. Incoterms 2010 consists of only 11 Incoterms, a reduction from the 13 Incoterms 2000.
The Incoterms 2010 are organized into two categories:
Incoterms for any Mode or Modes of Transport:
Incoterms for Sea and Inland Waterway Transport Only:
The reduction in Incoterms from 13 to 11 different terms was accomplished by substituting two new Incoterms, DAT (Delivered at Terminal) and DAP (Delivered at Place), for DAF (Delivered at Frontier), DES (Delivered Ex-Ship), DEQ (Delivered Ex-Quay) and DDU (Delivered Duty Unpaid).
Incoterms 2010 also addresses duties to provide information regarding security-related clearances, such as Importer Security Filings and other chain-of-custody information.
Contrary to some predictions, Incoterm FAS remains in Incoterms 2010, since that Incoterm is important in bulk and break-bulk trade.
This interpretation is provided as a guide only.
Please feel free to print this summary of Incoterms 2010.
We deal with all airfreight shipments with extreme responsibility and care in a professional way...
Luster Shipping and Logistics offers you the best possible rate in Sea Freight. We offer Import, Export & Cross Trade – FCL & LCL consolidation including .....
Luster Shipping and Logistics provides you the best transportation solutions to meet all challenges of a powerful business environment within GCC & Subcontinent.