BDd Databases • Bill of Lading Terminology • Documentary Credit • Foreign Trade (Multilingual documentation: english, spanish, french and deustch) • The Euro • Customs • Intrastat • Foreign Trade Terms (Glossary) • Combined Nomenclature Red arrowIncoterms (Sharing of expenses) • Incoterms 2000 (Differences between Incoterms 1990-2000)

WORLD TRADE DOCUMENTATION: Incoterms (Sharing of expenses)

Incoterms are a collection of internantinal rules, with voluntary character for parts, that set the range of commercial clauses included in international sale and purchase contract. They are easy to understand for both parts.

INCOTERMS are internationally accepted commercial terms defining the respective roles of the buyer and seller in the arrangement of transportation and other responsibilities and clarify when the ownership of the merchandise takes place. They are used in conjunction with a sales agreement or other method of transacting the sale.
Incoterms

INCOTERMS REGULATE:distributions of documents, delivery conditions, distrubution of operation costs and distributions of operation riks.

INCOTERMS DOES NOT REGULATE:legislation applicable to points not reflected in Incoterms, payment method of the operation.

 
01
02
03
04
05
06
07
08
09
10
11
12-13
Ex Works [EXW]
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•
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•
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O-A
Free Alongside Ship [FAS]
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O-L
Free Carrier [FCA]
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O-A
Free On Board [FOB]
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O-M
Cost and Freight [CFR]
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O-M
Carriage Paid To [CPT]
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O-A
Cost, Insurance and Freight [CIF]
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O-M
Carriage and Insurance Paid to [CIP]
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O-A
Delivered at Frontier [DAF]
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OD-L
Delivered Ex Ship [DES]
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D-M
Delivered Ex Quay [DEQ]
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D-M
Delivered Duty Unpaid [DDU]
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D-A
Delivered Duty Paid [DDP]
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D-A
01
02
03
04
05
06
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09
10
11
12-13

 
SYMBOLS
[01-11] Expenses:
• Expenses in charge of exporter
• Expenses in charge of importer
• Expenses in charge of exporter and importer

[12] Sale:
O Origin
D Destination

[13] Transport types:
M Maritime
L Land
A Any transport		 01. PACKING
02. EXPORTER'S WAREHOUSE
03. INSIDE TRASNPORT
04. EXPENSES OF DUTY EXPORTATION
05. EXPENSES OF TERMINAL EXIT
06. INTERNATIONAL TRANSPORT
07. TRANSPORT INSURANCE
08. EXPENSES OF ARRIVAL TERMINAL
09. EXPENSES OF DUTY IMPORTATION
10. INSIDE TRANSPORT
11. WAREHOUSE/FACTORY UNLOADING
12. ORIGIN/DESTINATION SALE
13. TRANSPORT TYPES


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