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Incoterms 2010 Quick Reference Chart

By Derrick Nelson,2014-06-19 06:35
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Incoterms 2010 Quick Reference Chart

    INCOTERMS? 2010 QUICK REFERENCE CHART

    INCOTERMS? 2010 EXW FCA CPT CIP DAT DAP DDP SERVICES Who Pays Who Pays Who Pays Who Pays Who Pays Who Pays Who Pays Export Packing Shipper Shipper Shipper Shipper Shipper Shipper Shipper Marking & Labeling Shipper Shipper Shipper Shipper Shipper Shipper Shipper Block and Brace 1 1 1 1 1 1 1 Export Clearance (License, EEI/AES) Buyer Shipper Shipper Shipper Shipper Shipper Shipper Freight Forwarder Documentation Fees Buyer Buyer Shipper Shipper Shipper Shipper Shipper Inland Freight to Main Carrier Buyer 2 Shipper Shipper Shipper Shipper Shipper Origin Terminal Charges Buyer Buyer Shipper Shipper Shipper Shipper Shipper Vessel Loading Charges Buyer Buyer Shipper Shipper Shipper Shipper Shipper Ocean Freight / Air Freight Buyer Buyer Shipper Shipper Shipper Shipper Shipper Nominate Export Forwarder Buyer Buyer Shipper Shipper Shipper Shipper Shipper Marine Insurance 3 3 3 Shipper 3 3 3 Unload Main Carrier Charges Buyer Buyer 4 4 Shipper Shipper Shipper Destination Terminal Charges Buyer Buyer 4 4 4 Shipper Shipper Nominate On-Carrier Buyer Buyer 5 5 5 5 Shipper Security Information Requirements Buyer Buyer Buyer Buyer Buyer Buyer Buyer Customs Broker Clearance Fees Buyer Buyer Buyer Buyer Buyer Buyer Shipper Duty, Customs Fees, Taxes Buyer Buyer Buyer Buyer Buyer Buyer Shipper Delivery to Buyer Destination Buyer Buyer 5 5 5 5 Shipper Delivering Carrier Unloading Buyer Buyer Buyer Buyer Buyer Buyer Buyer Notes:

    1 Incoterms? 2010 does not allocate this task to the Buyer or the Seller and therefore it should be addressed in the sales contract

    2 FCA Seller’s Facility – Buyer pays inland freight; other FCA qualifiers. Seller arranges and loads pre-carriage carrier and pays inland freight to the “F” delivery place 3 Marine Insurance The obligation to arrange insurance is only covered under CIP & CIF. Under all other terms it must be addressed in the sales contract 4 Terminal Charges paid by Buyer or Seller depending on Carrier practice to include/exclude in transport charges

    5 Delivery to Buyer Destination paid by Seller if through Bill of Lading or door-to-door rate to Buyer’s destination

    INCOTERMS? IS A REGISTERED TRADEMARK OF THE INTERNATIONAL CHAMBER OF COMMERCE. THIS DOCUMENT IS NOT INTENDED AS LEGAL ADVICE BUT IS BEING PROVIDED FOR

    REFERENCE PURPOSES ONLY. USERS SHOULD SEEK SPECIFIC GUIDANCE FROM INCOTERMS? 2010 AVAILABLE THROUGH THE INTERNATIONAL CHAMBER OF COMMERCE AT

    WWW.ICCBOOKS.COM

    INCOTERMS? 2010 QUICK REFERENCE CHART

     INCOTERMS? 2010 FAS FOB CFR CIF

     SERVICES Who Pays Who Pays Who Pays Who Pays

    RULES FOR ANY MODE OR MODES OF Export Packing Shipper Shipper Shipper Shipper

    TRANSPORT Marking & Labeling Shipper Shipper Shipper Shipper

    Block and Brace 1 1 1 1 EXW = EX WORKS Export Clearance (License, EEI/AES) Shipper Shipper Shipper Shipper FCA = FREE CARRIER Freight Forwarder Documentation Fees Buyer Buyer Shipper Shipper CPT = CARRIAGE PAID TO Inland Freight to Main Carrier Shipper Shipper Shipper Shipper CIP = CARRIAGE AND INSURANCE PAID TO Origin Terminal Charges Buyer Shipper Shipper Shipper DAT = DELIVERED AT TERMINAL

    DAP = DELIVERED AT PLACE Vessel Loading Charges Buyer Shipper Shipper Shipper

    DDP = DELIVERED DUTY PAID Ocean Freight / Air Freight Buyer Buyer Shipper Shipper

     Nominate Export Forwarder Buyer Buyer Shipper Shipper

    RULES FOR SEA AND INLAND WATERWAY Marine Insurance 3 3 3 Shipper

    TRANSPORT Unload Main Carrier Charges Buyer Buyer 4 4

    Destination Terminal Charges Buyer Buyer 4 4 FAS = FREE ALONGSIDE SHIP Nominate On-Carrier Buyer Buyer Buyer Buyer FOB = FREE ON BOARD Security Information Requirements Buyer Buyer Buyer Buyer CFR = COST AND FREIGHT Customs Broker Clearance Fees Buyer Buyer Buyer Buyer CIF = COST, INSURANCE AND FREIGHT Duty, Customs Fees, Taxes Buyer Buyer Buyer Buyer

    Delivery to Buyer Destination Buyer Buyer Buyer Buyer

     Delivering Carrier Unloading Buyer Buyer Buyer Buyer

    AIT Worldwide Logistics, 701 N. Rohlwing Road, Itasca, Illinois 60143

    For questions call 800-669-4248

    www.aitworldwide.com

    Ryan Paul 630.886.6945 (mobile) rpaul@aitworldwide.com

    This chart was conceived, researched, prepared, developed and created by Bill Paul. For more information please call Freight Match Services at 630.980.1454

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