INCOTERMS
incoterms

The International Chamber of Commerce has released the table of contents to the Incoterms 2010, which effective from 1 January 2011. Incoterms 2010 consists of only 11 Incoterms, a reduction from the 13 Incoterms 2000.

The reduction in Incoterms from 13 to 11 different terms was accomplished by substituting two new Incoterms, DAT (Delivered at Terminal) and DAP (Delivered at Place), for DAF (Delivered at Frontier), DES (Delivered Ex-Ship), DEQ (Delivered Ex-Quay) and DDU (Delivered Duty Unpaid).

incoterms

* Click HERE for expanded explanation on Incoterms *