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INCOTERMS 2010

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by

Brenda Marquez

on 15 October 2013

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Transcript of INCOTERMS 2010

DFI- INCOTERMS
THANK YOU
HISTORY

INCOTERMS
CONCEPT
The Product
INCOTERMS
International Commercial Terms
DDP -DELIVERED DUTY PAID
EX-WORKS : At seller's fabric, plant or warehouse address
Focus on:
BEFORE
What's the principal objective?
First Edition 1936

actualizations:
INCOTERMS 1953
INCOTERMS 1960
INCOTERMS 1976
INCOTERMS 1980
INCOTERMS 1990
INCOTERMS 2000
INCOTERMS
“INCOTERMS 2010"
DAT - DELIVERED AT TERMINAL
Seller
Buyer
Terms to delimit the buyer and seller obligations generated by international trade.
Incoterms establish who will bear with the risk, freight and costs.
Which is the best way to deliver the product?
Where my responsibility
over the product starts?
RISKS
COSTS
TRANSPORTATION
NOW
FOB
FOB
FOB
FOB
FOB
FOB
The need to manage a common languaje between international parties
Effective January 1, 2011
ALCANCES DE LAS REGLAS
SELLER OBLIGATIONS
Costs and expenses point of view
Risks and Insurance point of view
Transportation point of view
DELIVERY POINT = RISK TRANSFERS
OBLIGACIONES DEL COMPRADOR INTERNACIONAL (IMPORTADOR)
Desde el punto de vista COSTOS y/o GASTOS
Desde el punto de vista RIESGOS – SEGUROS-
Desde el punto de vista DOCUMENTOS Y TRAMITES
My responsibility
ends at Long Beach
port... agree?
No problem, I agree
Created by
INCOTERMS BY TRANSPORTATION MODE
OCEAN TERMS
PLURIMODAL TERMS
FAS – FOB – CFR – CIF
EXW – FCA - CPT – CIP – DAP - DAT - DDP
FCA - FREE CARRIER
FAS - FREE ALONGSIDE SHIP
FOB - FREE ON BOARD
CFR - COST AND FREIGHT
CIF - COST, INSURANCE AND FREIGHT
CIP - CARRIAGE AND INSURANCE PAID TO.
DAP - DELIVERED AT PLACE
THE END

CPT- CARRIAGE PAID TO.

INCOTERMS 2010

Were the seller responsibility ends is were the buyer responsibility starts
EXW
Seller
sets the goods available for customer's pick up at his premises or named place (load not included)
Buyer
bears all the risk and cost starting when he picks up the goods from seller's location to final delivery.
Seller
sets the goods available for customer's pick up at his premises or named place (load not included)
Buyer
bears all the risk and cost starting when he picks up the goods from seller's location to final delivery.
Seller
delivers the goods exports cleared to named carrier by buyer or any other party authorized for pick up the goods at seller's premises or named place
Buyer
bears all risks and cost after delivery to carrier and any importing customs fees
Seller
clears the goods for export and delivers onboard the vessel at named origin port
Buyer
bears all risks and costs after delivery onboard the vessel at named origin port
Seller
clears the goods for export and delivers them alongside the vessel at origin named port
Buyer
bears all risks and costs after delivery alongside the vessel at named origin port
Seller
clears the goods for export and bears the cost of freight to named destination port (unload not included)
Buyer
assumes
all risks after delivery onboard the vessel at named origin port
Seller
c
lears the goods for export and bears the cost of freight and Insurance to named port of destination. Seller's insurance requirements is just for the minimum covering

Buyer

is responsible for unloading costs at named port of destination and clearing goods for import, risks are transferred from seller to buyer when goods are onboard the vessel
Seller

clears the goods for export and delivers the goods to named destination place (uses his own selected carrier, not insurance included)
Buyer
bears the risks since the seller delivery to first carrier at origin, is responsible on goods customs import at destination
Seller
clears the goods for export, responsible for goods delivery to destination named place, including minimum insurance coverage
Buyer
is responsible for the import costs at destination, and assumes all risks after seller's delivery at first carrier place
Seller
clears the goods for export and bears all the risks and costs associated with delivering and unload at named destination terminal
Buyer
bears all risks from named destination terminal and the import clearing customs
Seller
clears the goods for export and bears all risks and costs until delivering the goods at destination named place
Buyer
bears all risks and costs from destination named place and forward including customs clearing of goods at destination
Seller
bears all risks and costs associated with delivering the goods at destination named place, including import clearing of goods at destination, excluding unloading from carrier
or named place
Full transcript