The classification of the trade terms Incoterms 2010

The Incoterms or International Commercial Terms are a series of pre-defined commercial terms published by the IntThe purpose of Incoterms is to provide a set of international rules for the interpretation of the most commonly used trade terms in foreign trade. Thus, it is possible to avoid or at least greatly reduce the uncertainty of varying interpretations of the terms in the various countries. Incoterms - are international rules for the interpretation of trade terms that define the obligations of the seller and the buyer in the performance of foreign trade and thereby reduce the risk of the parties. Incoterms established the International Chamber of Commerce in 1936. In 1953, 1967, 1976, 1980, 1990, 2000 and 2010, the document was changed.

Currently Incoterms acts as amended in 2010, which contains more clear and simple interpretation of terms, many of which have been corrected. Changes in Incoterms 2010 have been made in accordance with modern trends in international trade.

Group E - Departure

EXW - Ex Works (named place of delivery).

Group F — Main Carriage Unpaid

FCA - Free Carrier (named place of delivery).
FAS - Free Alongside Ship (named port of shipment).
FOB - Free On Board (named port of shipment).

Group C - Unloaded

CIF - Cost, Insurance and Freight (named port of destination).
CFR - Cost and Freight (named port of destination).
CPT - Carriage Paid To (named place of destination).
CIP - Carriage and Insurance Paid to (named port of destination).

Group D — Delivery

DAT (Delivered at Terminal).
DAP (Delivered At Place).
DDP (Delivered Duty Paid).