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4/12/2015 5:32 AM
Incoterms and tradeterms EXW, FCA, FAS, FOB, CFR, CIF, CPT, CIP...
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http://www.wimbosman.be/en/info_point/incoterms.aspx
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Incoterms
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Incoterms
What are Incoterms
Incoterms - a.k.a. Trade Terms are key elements of international contracts of sale. They
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tell the parties what to do with respect to carriage of the goods from buyer to seller, and export & import clearance. They also explain the division of costs and risks between the
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parties.
The difference between the 2000 and the 2010 version is the number of Incoterms has been reduced from 13 to 11. Four Incoterms (DAF, DES, DEQ, DDU) have been replaced by two new Incoterms (DAT , DAP). The replaced Incoterms DAF, DES and
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DEQ were not used much in day to day trading.
At Wim Bosman we support both the Incoterms 2000 as the newly introduced
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Incoterms 2010. Please see below an overview of Incoterms and their version.
EXW - ExWorks (2000 and 2010)
This term represents the seller's minimum obligation, since he only has to place the goods at the disposal of the buyer. The buyer must carry out all tasks of export & import clearance. Carriage & insurance is to be arranged by the buyer.
FCA - Free Carrier (2000 and 2010)
This term means that the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. Seller pays for carriage to the named place. FAS - Free Alongside Ship (2000 and 2010)
This term means that the seller delivers when the goods are placed alongside the