Incoterms are rules issued by the ICC, the International Chamber of Commerce, which are used in the practice of international trade transactions. First published in 1936, and almost every ten years it was revised to adjust to the latest international trade conditions. And this 2010 INCOTERMS is a revision of INCOTERMS 2000 and is effective from January 1, 2011
COMPARISON
(Incoterms 2000 with Incoterms 2010)
The basic changes from Incoterms 2000 to Incoterms 2010 are:
Reduction in the number of categories from 13 incoterms 2000 categories to 11 categories on incoterms 2010
This category covers:
– Delivery of goods using various rides
– Shipping goods using sea transportation and river transportation
To help use Incoterms 2010 identify the conditions that are correct for their needs
REDUCTION OF NUMBER OF CATEGORIES
Reduced from 13 to 11
The following terms are omitted:
DAF, DES, DEQ, DDU
The following new terms are introduced:
DAT, DAP
INCOTERMS 2010 FOR VARIOUS TRANSPORTATION OF WAHANA:
- EXW – Ex Works
- FCA – Free Carrier
- CPT – Carriage Paid to
- CIP – Carriage and Insurance Paid to
- DAT – Deliver at Terminal
- DAP – Deliver at Place
- DDP – Delivery Duty Paid
INCOTERMS 2010 FOR SEA TRANSPORT AND RIVER:
- FAS – Free Alongside Ship
- FOB – Free on Board
- CFR – Cost and Freight to
- CIF – Cost, Insurance and Freight to
Of the 11 categories in Incoterms 2010, there are only two new categories, namely DAT and DAP, so in this paper I will only review the DAT and DAP a little.
DAT : Delivered at Terminal
– These terms can be used for shipping goods using various rides
– Seller submits goods to the buyer at the terminal, when the goods arrive at the destination port or destination
– Terminals include: Pier, warehouse, container yard, train terminal, or terminal at the airport
– Both parties (seller and buyer) agree that the intended terminal and if possible point a point is the risk transfer point from the seller to the buyer
– If the seller intends to cover all costs and risks from the terminal to a certain other point then an alternative DAP or DDP can be used
DAP : Delivered at Place
– These terms can be used for shipping goods using various rides
– Seller hands over the item to the buyer at the terminal, when the item arrives ready to be dismantled the destination
– Both parties (seller and buyer) are advised to determine as clearly as possible a point at the agreed destination, because at this time the risk will move from seller to buyer
– If the seller intends to cover all costs and risks until the expenditure of goods, pay taxes etc., can be considered to use DDP: Deliver Duty Paid
