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    Incoterms 2010

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    makko77
    The document summarizes the Incoterms 2010 rules for allocating responsibilities between importers and exporters under different trade terms. It provides a matrix showing which party is responsible for various costs and obligations like loading, ocean freight, customs clearance, and delivery under each trade term (EXW, FCA, FOB, CFR, etc.). It also lists recommended modes of transportation for each term and notes some general principles, such as that Incoterms do not determine ownership transfer or address all contract issues.

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    Incoterms 2010

    Uploaded by

    makko77
    914 views2 pages
    The document summarizes the Incoterms 2010 rules for allocating responsibilities between importers and exporters under different trade terms. It provides a matrix showing which party is responsible for various costs and obligations like loading, ocean freight, customs clearance, and delivery under each trade term (EXW, FCA, FOB, CFR, etc.). It also lists recommended modes of transportation for each term and notes some general principles, such as that Incoterms do not determine ownership transfer or address all contract issues.

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    The document summarizes the Incoterms 2010 rules for allocating responsibilities between importers and exporters under different trade terms. It provides a matrix showing which party is responsible for various costs and obligations like loading, ocean freight, customs clearance, and delivery under each trade term (EXW, FCA, FOB, CFR, etc.). It also lists recommended modes of transportation for each term and notes some general principles, such as that Incoterms do not determine ownership transfer or address all contract issues.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    914 views2 pages

    Incoterms 2010

    Uploaded by

    makko77
    The document summarizes the Incoterms 2010 rules for allocating responsibilities between importers and exporters under different trade terms. It provides a matrix showing which party is responsible for various costs and obligations like loading, ocean freight, customs clearance, and delivery under each trade term (EXW, FCA, FOB, CFR, etc.). It also lists recommended modes of transportation for each term and notes some general principles, such as that Incoterms do not determine ownership transfer or address all contract issues.

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    Download as PDF, TXT or read online from Scribd
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    Incoterms 2010

    Responsibility Matrix – Obligations of Importer (Buyer) and Exporter (Seller) Global Logistics & Transportation Solutions

    “E” “F” “C” “D”


    Departure Main Carriage Unpaid Main Carriage Paid Arrival
    EXW FCA FAS FOB CFR CIF CPT CIP DAT DAP DDP
    Ex-Works Free Carrier Free Free On Cost & Cost of Carriage Carriage & Delivered Delivered Delivered
    Service (Place) (Place) Alongside Board Freight Insurance Paid To Insurance at Terminal at Place Duty Paid
    Ship (Port) (Port) & Freight (Place) Paid To (Place/Port) (Place) (Place)
    (Port) (Port) (Place)

    Obligation and Charges

    Warehouse Services Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    Export Packing Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    Loading at
    Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
    Point of Origin

    Inland Freight Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    Port Receiving
    Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller
    Charges

    Forwarder Fees Buyer Seller Seller Seller Seller Seller Seller Seller Seller Seller Seller

    Ocean/Air Freight Buyer Buyer Buyer Buyer Seller Seller Seller Seller Seller Seller Seller

    Charges in
    Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller Seller
    Foreign Port

    Custom Clearance Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller

    Customs Duties Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller

    Delivery Charges
    Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Buyer Seller Seller
    to Final Destination
    Recommended Modes of Transportation

    Mode Term Incoterms Rules and Standards

    EXW Ex Works (…Named Place of Delivery) n Incoterms only relate to trade terms in the contract of
    sale between the buyer and seller and do not deal with
    FCA Free Carrier (…Named Place of Delivery) the contract for carriage.

    n  he roles and responsibilities listed on the front of this


    T
    CPT Carriage Paid To (…Named Place of Destination)
    document can be altered / changed as long as there is
    Any Mode
    of Transport an agreement between the buyer and seller.
    CIP Carriage & Insurance Paid To (…Named Place of Destination)
    including
    Multimodal
    n Incoterms do not identify where the transfer of
    DAT Delivered at Terminal (…Named Place/Port of Delivery) ownership or title occur. A separate statement
    regarding ownership / transfer of title should be
    included on the purchase order, contract, quote,
    DAP Delivered at Place (…Named Place of Destination)
    proforma invoice and or commercial invoice.

    DDP Delivered Duty Paid (…Named Place of Destination) n Incoterms are not all inclusive and cannot address
    issues such as customary operations of carriers,
    FAS Free Alongside Ship (…Named Port of Shipment) ports, trade government regulations etc.

    n Incoterms are written to reflect rather than dictate


    FOB Free On Board (…Named Port of Shipment)
    trade practices.
    Ocean
    CFR Cost and Freight (…Named Port of Destination) n  nly two incoterms express when insurance is
    O
    to be bought and issued – CIP and CIF.
    CIF Cost, Insurance and Freight (…Named Port of Destination)

    Global Logistics & Transportation Solutions

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