Implementation date of Incoterms® 2010: 1 January 2011.


Incoterms® rules define the responsibilities of buyers and sellers for the delivery of goods under sales contracts. Incoterms® 2010 takes into account the latest developments in commercial practice, and updates and consolidates some of the former rules. A new classification system divides the 11 Incoterms® rules into two distinct groups: Rules for any mode of transport: EXW FCA CPT CIP DAT DAP DDP Rules for waterway transport: FAS FOB CFR CIF In addition to the 11 rules, Incoterms®2010 includes: Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;

* New classification to help choosing the most suitable rule in relation to the mode of transport;
* Advice for the use of electronic procedures;
* Information on security-related clearances for shipments;
* Advice for the use of Incoterms® 2010 in domestic trade.mplementation date: 1 January 2011.

List of Terms:

EXW: Ex Work, All types of transportation
FCA: Free Carrier, All types of transportation
CPT: Carriage Paid To, All types of transportation
CIP: Carriage and Insurance Paid, All types of transportation
DAT (new delivery term): Delivered At Terminal, All types of ransportation
DAP (new delivery term): Delivered At Place, All types of transportation
DDP: Delivered Duty Paid, All types of transportation
FAS: Free Alongside Ship, Water transport
FOB: Free On Board, Water transport
CFR: Cost and Freight, Water transport
CIF: Cost, Insurance and Freight, Water transport