INCOTERMS® 2010

International Commercial Terms

INCOTERMS®(International Commercial Terms) – an international conditions for the transport of goods creates the International Chamber of Commerce (International Chamber of Commerce – ICC). Incoterms® 2010 new rules applicable from 1 January 2011 replaced the Incoterms, 2000.

EX WORKS: EXW

The seller fulfills his obligations by having the goods available for the buyer to pick up at his premises or another named place (i.e. factory, warehouse, etc.). Buyer bears all risk and costs starting when he picks up the products at the seller’s location until the products are delivered to his location. Seller has no obligation to load the goods or clear them for export.

 

FREE CARRIER: FCA

The seller delivers the goods export cleared to the carrier stipulated by the or another party authorized to pick up goods at the seller’s premises or another named place. Buyer assumes all risks and costs associated with delivery of goods to final destination including transportation after delivery to carrier and any customs fees to import the product into a foreign country. 

CARRIAGE PAID TO: CPT
Seller clears the goods for export and delivers them to the carrier or person stipulated by the seller at a named place of shipment. Seller is responsible for the transportation costs associated with delivering goods to the named place of destination but is not responsible for procuring insurance. 

CARRIAGE AND INSURANCE PAID TO: CIP
Seller clears the goods for export and delivers them to carrier or another person stipulated by the seller at a named place of shipment. Seller is responsible for the transportation costs associated with delivering goods and procuring minimum insurance coverage to the named place of destination. 

DELIVERED AT TERMINAL: DAT
Seller clears the goods for export and bears all risks and associated with delivering the goods and unloading them at the terminal at the named port or place of destination. Buyer is responsible for all costs and risks from this point forward including clearing the goods for import at the named country of destination. 

DELIVERED AT PLACE: DAP
Seller clears the goods for export and bears all risks and costs with delivering the goods to the named place of destination not unloaded. Buyer is responsible for all costs and risks associated with unloading the goods and clearing customs to import the goods into the named country of destination.

DELIVERED DUTY PAID: DDP
seller bears all risks and costs associated with delivering the goods to named place of destination ready for unloading and cleared for import.

 

RULES FOR SEA AND INLAND WATERWAY TRANSPORT

FREE ALONGSIDE SHIP: FAS
Seller clears the goods for export and delivers them when they are alongside the vessel at the named port of shipment. Buyer assumes all risks/costs for goods from this point forward. 

FREE ON BOARD: FOB
Seller clears the goods for export and delivers them when they are onboard vessel at the named port of shipment. Buyer assumes all risks/cost for goods from this moment forward. 

COST AND FREIGHT: CFR
Seller clears the goods for export and delivers them when they are onboard the vessel at the port of shipment. Seller bears the cost of freight to the named port of destination. Buyer assumes all risks for goods from the time goods have been delivered on board the vessel at the port of shipment. 

COST INSURANCE AND FREIGHT: CIF
Seller clears the goods for export and delivers them when they onboard the vessel at the port of shipment. Seller bears the cost of freight and insurance to the named port of destination. Seller’s insurance requirement is only for minimum cover. Buyer is responsible for all costs associated with unloading the goods at the named port of destination and clearing goods for import. Risk passes from seller to buyer once the goods are onboard the vessel at the port of shipment.

 

Globe Line Projects Ltd

Průmyslová 1472/11

Prague  10 – Hostivař 102 00

IČ: 04317025 DIČ: CZ04317025 Spisová značka: C 245801 vedená u Městského soudu v Praze

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