Incoterms 2010 renovation started Jan. 1, 2011.(News logistics)

International Chamber of Commerce (ICC) announced the Incoterms 2010, or the conditions of international trade. Effective from the date of January 1, 2011 by adding a requirement in the new 2 points, DAT (Delivered At Terminal) and DAP (Delivered At Place) instead Terms old DAF, DES, DEQ, and DDU terms the group delivered (Delivered) set that delivery point (Point of Delivery) to the same destination (Place of Destination), which applies to all forms of transport.
New requirements DAT (Delivered At Terminal) vendors to transport goods from vehicles at the place of destination agreed the DAP (Delivered At Place) the seller does not need to transport goods from vehicles at the place of destination agreed upon. But be prepared to stay on the condition that the buyer will be carrying goods to vehicles.
Incoterms 2010 terms, so it has all the requirements were grouped into 11 modes of transport into 2 groups.
The group used to transport any form or format include
CIP - Carriage and Insurance Paid.
CPT - Carriage Paid To.
DAP - Delivered At Place.
DAT - Delivered At Terminal.
DDP - Delivered Duty Paid.
EXW - Ex Works.
FCA - Free Carrier.
The group with the marine transportation and water transportation include
CFR - Cost and Freight.
CIF - Cost, Insurance and Freight.
FAS - Free Alongside Ship.
FOB - Free On Board.

Source logisticsdigest, 8 Dec 53

Print This Page     Read other news
| Home | About the Company | Our Services | Clients | Network | News/Activities | Job Enquiry | Contact Us |