As of January 1, 2011, the updated version of the international commercial terms, Incoterms 2010, goes into effect. Now in its eighth edition, the revised list contains a series of changes, including a reduction in the number of terms from 13 to 11.
WHAT HAS CHANGED?
DAF (Delivered at Frontier), DES (Delivered Ex
Ship), DEQ (Delivered Ex Quay), and DDU (Delivered Duty Unpaid) designations
have been ELIMINATED
DAT (Delivered at Terminal) and DAP (Delivered at Place) have been INTRODUCED to replace the
4 terms listed above.
Delivered at Place means the shipper is responsible up to the place
of destination for unloading arriving on any mode. The shipper assumes
responsibility in bringing the goods to the named place. DAP requires the
shipper to clear the goods for export, where applicable. The shipper has no
obligation to clear the goods for import, pay any import duty or carry out
import customs procedures.
The term Delivered at
Terminal is used no matter the mode selected and may also be used
where more than one mode of transport is incorporated.
The shipper is responsible for unloading the goods
upon arrival and placed at the named terminal, port or place of destination
within an agreed period. The shipper is also responsible for bringing the goods
to and unloading at the terminal of the named port or place of destination.
The term terminal includes warehouse, container yard
or road, rail or air cargo terminal.
The updated Incoterms (link the spreadsheet here too on
the word Incoterms) are intended to better take into account and reflect the
roles cargo security, supply chain collaboration and electronic data interchange
now play in international trade.
The 11 Incoterms have been reclassified into two categories:
1.
Rules for any mode or modes of transport.
2.
Rules for sea and inland waterway transport
View the complete
Incoterms update
in the Regulations Section of AIT’s eNewsletter.
For questions or further information about Incoterms, please contact your local AIT office.