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    This document provides a reference chart summarizing the 11 Incoterms rules for international commercial trade. The chart outlines where responsibilities for costs and risks transfer from seller to buyer under each rule, such as at the seller's premises, a port of shipment, or destination terminal. Only the CIF and CIP rules obligate anyone to purchase cargo insurance, though insurance is generally recommended. The full Incoterms 2010 publication should be consulted for specific guidance on interpreting and applying the rules.

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    This document provides a reference chart summarizing the 11 Incoterms rules for international commercial trade. The chart outlines where responsibilities for costs and risks transfer from seller to buyer under each rule, such as at the seller's premises, a port of shipment, or destination terminal. Only the CIF and CIP rules obligate anyone to purchase cargo insurance, though insurance is generally recommended. The full Incoterms 2010 publication should be consulted for specific guidance on interpreting and applying the rules.

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    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    26 views1 page

    Incoterms

    Uploaded by

    biik0076153
    This document provides a reference chart summarizing the 11 Incoterms rules for international commercial trade. The chart outlines where responsibilities for costs and risks transfer from seller to buyer under each rule, such as at the seller's premises, a port of shipment, or destination terminal. Only the CIF and CIP rules obligate anyone to purchase cargo insurance, though insurance is generally recommended. The full Incoterms 2010 publication should be consulted for specific guidance on interpreting and applying the rules.

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    INCOTERMS 2010 REFERENCE CHART

    Seller/ exporter premises1 Export formalities Named place of terminal Loading port of shipment Onboard ship/rail/ plane Discharging port of arrival Named place or terminal Import formalities Buyer/ importer premises

    EXW FCA FAS FOB CFR CIF CPT CIP DAT DAP DDP

    Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk Cost Risk
    3 3 2 2

    Key:

    Seller

    Buyer

    This chart is a general outline of costs and risks. For specific guidance, consult Incoterms 2010, published by the International Chamber of Commerce. Only CIF and CIP place an obligation on anyone to purchase cargo insurance. However, it is usually a good idea for the seller or buyer to purchase insurance to protect against risk.

    1. The seller is obligated to assist the buyer with obtaining

    Cost: the cost of transportation Risk: the risk of loss of or damage to the goods Delivery : where risk passes from seller to buyer

    security related information. 2. For FCA, delivery occurs at Seller Premises or Terminal. 3. Risk passes from seller to buyer when the goods are delivered to the first carrier.

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