Renewals at a glance
From 1 January 2011 onwards, revised Incoterms will come into effect worldwide. In order to inform you of the changes, we have summarised all of the relevant information into an overview:
• In the future, instead of 13 clauses, there will only be 11.
• These are divided into two categories:
Clauses for all types of transport: EXW, FCA, CPT, CIP, DAT, DAP, DDP
Clauses for sea and inland water transport: FAS, FOB, CFR, CIF
• The DAT and DAP Incoterms replace the former clauses DEQ, DAF, DES and DDU.
• Pursuant to Incoterms 2010, for clauses FOB, CFR and CIF, goods are regarded as having been delivered as soon as they are on board the ship, and not as previously, at the reeling of the ship.
Pursuant to the ICC, Incoterms may be applied to both domestic and to international purchase contracts. If you have any questions about the innovations or if we can assist in any other way, please get in contact.
Source: Incoterms 2010 by International Chamber of Commerce
The Incoterms® are published by the International Chamber of Commerce (ICC) Only the text version published by the ICC is binding!