Incoterms quick reference guide incoterms are the international rules for the interpretation of trade terms used in international trade, formulated by the international chamber of commerce. The following information is a general and very brief overview of incoterms 2010. Incoterms 2017 exw fca fas fob cfr cif cpt cip daf. As of 2014, we are not aware of any edits to the current version.
Table of current incoterms and their relevant meanings incoterm delivery transfer of risk point division of costs between seller and buyer exw ex works seller makes goods available for buyer to collect at sellers premises door subject to the provisions of a6, sellers responsibility for costs, buyer. Below is a summary of the most commonly used 2000 and 2010 incoterms. The term is used to explain which party is responsible for the costs and risks at each stage of the goods movement. Tabla incoterms embalaje y verificacion carga transp. It is highly recommended that any company participating in international sales invest in either an incoterm training seminar or a complete icc guide to incoterms.
Incoterms 2010 includes two new clauses, dat delivered at terminal at the port or place of destination and. Incoterms do not cover property rights, possible force majeure situations and breach of contract. Incoterms 2010 equates electronic communication with hardcopy communication. Cargo insurance is, therefore, a separate cost for buyers. This chart is designed to provide a basic level of understanding of incoterms rules and definitions, and is a general guide only. Incoterms are a set of threeletter standard trade terms most commonly used in international contracts for the sale of goods. Incoterms 2010 lima, 25 julio 2012 agenda introduccin. Dat was removed, and is replaced by a new rule delivered at place unloaded. A summary of the main difference between the 2000 and 2010 incoterms is given here. The newest edition of the incoterms rules will help prepare business for the next century of global trade.
Tabla incoterms 2020 cuadro resumen globalnegotiator. Exporters country border of country of export importers country border of country of export costs included. Buyer or seller may have additional insurable interest and prudence may indicate purchase of additional coverage. It is important, however, to clearly specify which version you have chosen. Incoterms 2020 is available on iccs new ecommerce platform icc knowledge 2 go in both print and digital formats.
Risk does not follow cost 1 negotiated outside of the incoterms. The international chamber of commerce icc published the 8th and current version of its international commercial terms, also known as incoterms on january 1, 2011. Responsabilidad compartida del comprador y del vendedor. Incoterms 2020 defines 11 rules, the same number as defined by incoterms 2010. Tabla incoterms 2020 cuadro resumen international contracts. Incoterms international commercial terms what are incoterms. The icc has launched the incoterms 2020, which is effective from the 1st of january 2020. Table of current incoterms and their relevant meanings. Seller covers cost of insurance and freight, duty unpaid, to named port of destination.
One rule of the 2010 version delivered at terminal. Incoterms 2020 is the ninth set of predefined international contract terms published by the international chamber of commerce, with the first set having been published in 1936. The incoterms rules have become an essential part of the daily language of trade. Datos basicos del fondo monetario internacional 47 tabla 6. Incoterms or trade terms are used to define the obligations of seller and buyer in the movement of goods from one person to another. Fca sellers premises where the seller is responsible only for loading the goods and not responsible for inland freight. Incoterms 2015 exw ex works the seller makes the goods available to be collected at their premises and the buyer is responsible for all other risks, transportation costs, taxes and duties from that point onwards. Furthermore, incoterms regulate the obligations of the seller and the buyer in obtaining securityrelevant clearances of the merchandise. The difference between the incoterms 2000 and the 2010 version was the reduction in the numbers of incoterms from to 11. Incoterms 2020 icc international chamber of commerce. Where can i buy incoterms 2020 and related products. Incoterms chart of responsibility magellan logistics. International commercial terms incoterms are internationally recognized standard trade terms used in sales contracts. Four incoterms daf, des, deq, ddu have been replaced by two new incoterms dat, dap.
Similarly, all incoterms except the c terms do not assign responsibility for arranging insurance. Itfa issues guidance on use of electronic signatures. The following chart is a general summary of obligations of the buyer and seller based on the 11 incoterms. For confirmation on the applicability of any incoterm, please refer to your local magellan representative. Interior recepcion o descarga modalidad exw exworks todos fca free carrier todos fas. It is essential that you are aware of your terms of trade prior to shipment. Depuis leur creation en 1936, les incoterms ont connu plusieurs versions. Incoterms 2010 icc international chamber of commerce.
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