Incoterms 2010 rules

Transcription

1 Incoterms 2010 rules

2 What are the Incoterms rules? The Incoterms rules, published by the International Chamber of Commerce (ICC), are intended to define the rights and obligations of the parties involved in the sale of a product with regard to these five aspects: Obligations assumed by the buyer and seller according to what was agreed upon in the contract of sale. assumed by each party in relation to the 2 contracting of transport and other logistics chain operations. Which party assumes the insurance of the merchandise, in the event that it has been contracted, and the extent of the insurance coverage. Which party is required to look after customs clearance in the event that it is necessary. Place and time of the delivery of the merchandise and transfer of risk from the seller to the buyer.

3 4 Incoterms 2010 multimodal rules The Incoterms multimodal rules are suitable for all sales transactions that involve road, rail, air or multimodal transport, including multimodal container transport with a sea transport phase as well as a combination of any of these modes (except maritime port to port). These rules 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) 5

4 EXW Ex works The selling company delivers the merchandise by making it available to the buyer in its own facilities EXW without loading it onto the vehicle sent by the buyer. The latter assumes all costs from that moment onwards. Seller Seller Transport Customs Terminal Main Terminal Customs Transport Buyer Buyer Transport 6

5 FCA seller s facilities Free carrier The seller loads the goods on the vehicle of the forwarder hired by the buyer. The goods are delivered once loaded, at which time the risks are transmitted to the buying company. 7

6 FCA other location Free carrier The seller assumes the costs of delivering the merchandise to the designated location (terminal), without offloading the goods from the vehicle. The buyer assumes the costs y risks from that point onwards. Seller Seller hasta otro lugar principal Buyer Buyer 8

7 CPT/CIP Carriage paid to / Carriage and insurance paid to The selling company passes the risks on to the buyer by placing the goods at the disposal of the forwarder hired by the seller. In the event that transportation is carried out by several forwarders (multimodal transport), the risks are passed on when the merchandise is delivered to the first of them. Under CIP conditions, from this point on the risks must be covered by the insurance contracted by the selling company under the terms stipulated by the Incoterms rule. 9

8 DAT Delivered at terminal DAT The seller assumes the costs and risks up to delivery and offloading the merchandise from the vehicle in the designated destination terminal. From that moment onwards, the costs and risks fall to the buying company. 10

9 DAP Delivered at place The selling company assumes the costs and risks up to delivery of the merchandise in the designated destination without offloading it from the vehicle. The cost of import clearance falls to the purchasing company. 11

10 DDP Delivered duty paid The selling company assumes the costs and risks up to the delivery of the merchandise and import clearance at the designated destination without offloading the vehicle. 12

11 The Incoterms 2010 rules for maritime transport This group of Incoterms rules for maritime transport and inland waterways is suitable for all sales transactions that involve the transport of general cargo that is uncontainerized, partial load, bulk, etc., from port to port. It comprises four rules: FAS free alongside ship. FOB free on board. CFR cost and freight. CIF cost, insurance and freight. 13

12 FAS Free alongside ship FAS The selling company assumes costs and risks up to delivery of the merchandise alongside the ship specified by the buyer at the designated port of loading. From this point onwards, the costs fall to the purchasing company, including loading on board the ship. 14

13 FOB Free on board FOB The selling company assumes the costs and risks up to delivering the goods on board the ship specified by the buyer at the designated port of loading. From this point onwards, the costs fall to the purchasing company. 15

14 16 CFR/CIF Cost and freight / Cost, insurance and freight CFR/CIF The selling company assumes the transportation cost until the merchandise is delivered in the designated port of destination, but passes on the risks when it loads the goods on board the ship specified by the buyer at the designated port of loading. Under CIF conditions, risks from this point onwards must be covered by the insurance contracted by the selling company under the terms stipulated by the Incoterms rule.