Posts Tagged deq

Incoterms ® 2010

On 1 January 2011 Incoterms® changes into Incoterms ® 2010 revising some of the existing rules.
 
Incoterms® 2010 defines 11 rules, divided in two sections:
 
– Rules for Any Mode(s) of Transport
EXW – Ex Works
FCA – Free Carrier
CPT – Carriage Paid to
CIP – Carriage and Insurance Paid to
DAT – Delivered at Terminal
DAP – Delivered at Place
DDP – Delivered Duty Paid
 
– Rules for Sea and Inland Waterway Transport
FAS – Free Alongside Ship
FOB – Free on Board
CFR – Cost and Freight
CIF – Cost, Insurance and Freight
 
The new Incoterms® 2010 reduced the 13 rules used in Incoterms® 2000 to 11 rules by introducing two new rules (DAT, DAP) which replace four rules of the prior version (DAF, DES, DEQ & DDU).
 
More information on the official website of International Chamber of Commerce.
 

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