The new rules have replaced the Incoterm 2000 rules DAF (Delivered at Frontier), DES (Delivered Ex Ship), DEQ (Delivered Ex Quay) and DDU (Delivered Duty Unpaid). Consequently, the number of Incoterms ...

International Commercial Terms ("Incoterms®") are rules that specify terms of trade designed to help traders avoid confusion by clarifying the tasks, costs and risks involved in the sale of goods from ...

The INCOTERMS published by the International Chamber of Commerce (ICC) have long served the international community by offering a “shorthand” for communicating key shipping terms. The ICC most ...

of the parties to a contract of sale with respect to the delivery of goods sold. Incoterms are often used as a method of defining risk in transactions where goods are sold – that is, at which point ...

The International Chamber of Commerce’s Incoterms 2010 comes into effect on January 1, 2011. Incoterms is a set of standard trade rules governing international sales contracts. Incoterms 2010 ...