Incoterms - Delivery conditions

Incoterms or International Commercial Terms are a series of sales terms widely used international commercial transactions in order to clarify the tasks, costs and risks involved.

As of 1st January 2011, the Incoterms 2010 have effect.

The main changes since the last revision are “DAT” and “DAP”, replacing the previous conditions “DEQ”, “DAF”, “DES” and “DDU”. For FOB, CFR and CIF the risk is now passing when the goods are loaded onboard the vessel (not the ship’s rail anymore).

The Incoterms 2010 are as follows:

- 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)
- FAS (free alongside ship)
- FOB (free on board )
- CFR (cost and freight)
- CIF (cost , insurance and freight )