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    DFR 045 10 FL Incoterms 2 - en - Low - Res1

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    patriottico
    The number of Incoterms has been cut back from 13 to 11, divided into seven terms for multi-mode transport and four terms for sea and inland water transport. There are also the new terms DAT (Delivered at Terminal) and DAP (delivered at place) the rules for the transfer of risk have been adapted in the terms FOB, CFR and CIF.

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    DFR 045 10 FL Incoterms 2 - en - Low - Res1

    Uploaded by

    patriottico
    112 views2 pages
    The number of Incoterms has been cut back from 13 to 11, divided into seven terms for multi-mode transport and four terms for sea and inland water transport. There are also the new terms DAT (Delivered at Terminal) and DAP (delivered at place) the rules for the transfer of risk have been adapted in the terms FOB, CFR and CIF.

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    The number of Incoterms has been cut back from 13 to 11, divided into seven terms for multi-mode transport and four terms for sea and inland water transport. There are also the new terms DAT (Delivered at Terminal) and DAP (delivered at place) the rules for the transfer of risk have been adapted in the terms FOB, CFR and CIF.

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    Download as PDF, TXT or read online from Scribd
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    112 views2 pages

    DFR 045 10 FL Incoterms 2 - en - Low - Res1

    Uploaded by

    patriottico
    The number of Incoterms has been cut back from 13 to 11, divided into seven terms for multi-mode transport and four terms for sea and inland water transport. There are also the new terms DAT (Delivered at Terminal) and DAP (delivered at place) the rules for the transfer of risk have been adapted in the terms FOB, CFR and CIF.

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    DHL Freight Incoterms 2010

    THE NEW INCOTERMS 2010

    Incoterms® are an official set of rules published by the International Chamber of Commerce
    for the interpretation of national and international commercial terms; they provide one of
    the most important foundations for regulating international trade. From January 1, 2011 the
    seventh revision – Incoterms® 2010 – will come into effect.

    Incoterms (International Commercial Terms) were first publis- What will change on January 1, 2011
    hed in 1936 by the International Chamber of Commerce (ICC)
    • Traditionally, Incoterms were designed for international
    in Paris. Since then, companies have primarily relied on
    trade flows in which the goods crossed over borders.
    Incoterms to help fix the terms of delivery in international
    Since free trade zones have drastically reduced the
    transactions.
    impact of border formalities, Incoterms 2010 can now
    be expressly applied to domestic trade flows as well.
    With the changing usage of transport modes in international
    trade, Incoterms have been adapted on a regular basis to better • The number of Incoterms has been cut back from 13 to
    align with current developments such as new carriers, transport 11, divided into seven terms for multi-mode transport
    methods and the use of new technologies such as electronic and four terms for sea and inland water transport.
    information exchange.
    • There are also the new terms DAT (Delivered at
    Terminal) and DAP (Delivered at Place).
    On January 1, 2011, the newest version of Incoterms will enter
    into force. In addition to an expansion of the area of application • The terms DAF, DES, DEQ and DDU were replaced by
    to domestic trade flows and the introduction of new terms, this the new terms DAT and DAP.
    version adds new definitions or precisions to already existing
    • The rules for the transfer of risk have been adapted in
    terms.
    the terms FOB, CFR and CIF.
    DHL Freight Incoterms 2010

    NEW INCOTERMS CHANGES TO EXISTING TERMS


    DAT (Delivered at Terminal)
    The new term DAT means the seller delivers when the goods, The new rules for the transfer of risk are mainly concerning
    once unloaded from the arriving means of transport, are sea freight transportation as new rules have been laid out for
    placed at the disposal of the buyer. In road freight transporta- the transfer of risk in the terms FOB, CFR and CIF.
    tion it typically describes the origin or destination terminal
    Whereas in the past, the goods had to cross the ship's rail
    involved in the goods transport flow. In case the DAT named
    before the risk was transferred to the other party, the goods
    terminal is the orgin terminal, seller bears cost for pick-up by
    must now be physically loaded on the ship before the risk is
    cartage and terminal handling.
    transferred.

    DAP (Delivered at Place) The new Incoterms recommend that multi-modal terms be
    The new term DAP means that the seller delivers when the used in principle for containerized traffic since a precise defi-
    goods are placed at the disposal of the buyer on the arriving nition of the terms pertaining to the transfer of risk (CFR and
    means of transport ready for unloading at the named place of CIF) is no longer possible due to the conditions in modern
    destination. It replaces the former terms DAF (Delivered At container ports.
    Frontier), DES (Delivered Ex Ship) and DDU (Delivered
    Duty Unpaid). Using DAP like for like with the former DDU
    Incoterm (the most frequently used Incoterm in road freight
    transportation) requires the delivery place of the consigne-
    ment to be named.

    Seller Carrier Port Ship Port Terminal Named place Buyer


    EXW
    EX WORKS

    FCA
    FREE CARRIER

    CPT
    All transport types

    CARRIAGE PAID TO
    CIP
    CARRIAGE AND INSURANCE PAID TO
    DAT
    DELIVERED AT TERMINAL

    DAP
    DELIVERED AT PLACE

    DDP
    DELIVERED DUTY PAID

    FAS
    FREE ALONGSIDE SHIP
    water transport
    Sea and inland

    FOB
    FREE ON BOARD

    CFR
    COST AND FREIGHT
    CIF
    Mat. No. 675-800-317

    COST, INSURANCE AND FREIGHT

    Seller bears cost Seller bears risk Seller must take out transport insurance
    Buyer bears cost Buyer bears risk

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