BASIC OVERVIEW OF THE INCOTERMS® 2010 RULES www.dhl.com This guide is designed to give you a quick overview of the Incoterms® rules frequently used wo...
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BASIC OVERVIEW OF THE INCOTERMS® 2010 RULES
This guide is designed to give you a quick overview of the Incoterms® rules frequently used worldwide in international and domestic contracts, illustrating responsibilities between buyer and seller for costs and risk, as well as cargo insurance. www.dhl.com
”Incoterms” is a registered trademark of the International Chamber of Commerce. Read more about Incoterms® rules from the official International Chamber of Commerce (ICC) website. You can also order the “Incoterms® 2010” publication and sign up for online training on the Incoterms® rules at www.iccwbo.org.
Basic overview of the Incoterms ® 2010 rules
“Prepaid” terms
“Collect” terms
Seller's premises
EXW Ex Works
named place of delivery
FCA Free Carrier
named place of delivery
FOB Free On Board (Ocean freight only)
named port of shipment
FAS
Free Alongside Ship (Ocean freight only)
named port of shipment
CFR
Cost and Freight (Ocean freight only)
named port of destination
CIF
Cost Insurance and Freight (Ocean freight only)
named port of destination
CPT
Carriage Paid To
named place of destination
CIP
Carriage and Insurance Paid to named place of destination
