The Incoterms 2010, which came into force on 1 January 2011, will continue to apply in 2020. Below is a summary of all relevant information for you - at a glance (compared to Incoterms 2000):
- 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.
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!