Incoterms 2000

Frequently the parties concluding the contract, are not familiar with various practice of conducting trade in the corresponding countries. It can serve as the reason of misunderstanding, disagreements and proceedings with following waste of time and money. For the permission of all these problems the International chamber of commerce has published the collection of the international rules for exact definition of trading terms. The rules are known as "Incoterms".

The purpose of "Incoterms" is maintenance of the complete set of the international rules on interpretation of most widely used trading terms in the field of foreign trade. Thus, it is possible to avoid or, at least, substantially to reduce uncertainty of various interpretation of such terms of the various countries.

Group E
Departure - EXW - EX Works ( ... named place)
Group F
Basic transportation is not paid - FCA - Free Carrier (...named place)
Basic transportation is not paid - FAS <- Free Alongside Ship (... named port of shipment)
Basic transportation is not paid - FOB - Free On Board (... named port of shipment)
Group C
Basic transportation is paid - CFR - Cost and Freight (... named port of destination)
Basic transportation is paid - CIF - Cost, Insurance and Freight (... named port of destination)
Basic transportation is paid - CPT - Carriage Paid To (... named place of destination)
Basic transportation is paid - CIP - Carriage and Insurance Paid Тo (... named place of destination)
Group D
Arrival - DAF - Delivered At Frontier (... named place)
Arrival - DES - Delivered Ex Ship (... named port of destination)
Arrival - DEQ - Delivered Ex Quay (... named port of destination)
Arrival - DDU - Delivered Duty Unpaid (... named place of destination)
Arrival - DDP - Delivered Duty Paid (... named place of destination)

  

Notes*

Often enough, the parties participating in export-import transactions apply earlier used terms excluded from edition of "Incoterms 1990".

FOT (Free on truck) - lorry F.O.B. The term is excluded in edition of Incoterms 1990. Instead of it the term FCA (ex-carrier for transport any kind, including in case of the mixed transportation) is used.

FOR (Free on rail) - Free on rail or a railway platform. The term is excluded in edition of Incoterms 1990. Instead of it the term FCA (ex-carrier for transport any kind, including in case of the mixed transportation) is used.

FOB in Airport (Free on board in Airport) - F.O.B. at the airport. The term is excluded in edition Incoterms 1990. Instead of it term FCA (ex-carrier for transport any kind, including in case of the mixed transportation) is used.

Join us on:
 





© "M-Spedition" LLP. Almaty city, Kazakhstan. 2009-2014. All rights reserved.