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What is Incoterms? Incoterms is a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). These terms define the responsibilities and liabilities between buyer and seller in international commerce. The seller and buyer should understand Incoterm to save time, save cost and protect themselves in international transactions. |
INCOTERMS 2010
Classification of the 11 Incoterms ® 2010 rules
The 11 Incoterms 2010 rules are presented in two distinct classes: |
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RULES FOR ANY MODE OR MODES OF TRANSPORT |
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EX WORKS |
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FREE CARRIER |
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CARRIAGE PAID TO |
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CARRIAGE AND INSURANCE PAID TO |
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DELIVERED AT TERMINAL |
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DELIVERED AT PLACE |
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DELIVERED DUTY PAID |
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RULES FOR SEA AND INLAND WATERWAY TRANSPORT |
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FREE ALONGSIDE SHIP |
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FREE ON BOARD |
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COST AND FREIGHT |
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COST INSURANCE AND FREIGHT |