This ICC Guide to Incoterms® 2010 will help importers and exporters avoid costly misunderstandings by clearly defining the responsibilities of sellers and buyers for the delivery of goods. ICC’s Incoterms® rules are regularly incorporated into sales contracts worldwide.
The ICC Guide to Incoterms® 2010 analyzes in detail each of the 11 Incoterms® rules, making this guide the official handbook accompanying the latest edition of these global trade standards. Diagrams and illustrations facilitate their understanding while also explaining the history of these ground-breaking international commercial terms.
This Guide is an invaluable companion for everyone involved in cross border transactions, it shows how the Incoterms® rules work in conjunction with other contracts and also answers questions such as:
- What are the Incoterms® rules and what can they do for me?
- How do I reference Incoterms® 2010 in a contract of sale, insurance or payment?
- What are the main differences between Incoterms® 2000 and Incoterms® 2010?
- What is the most efficient rule for which mode of transport?
This book is an essential tool for anyone involved in international business; practitioners, teachers and students alike.
| Code ISBN : | 978-92-842-0082-5 |
| Weight : | 0.4800 kgs |
| Number of pages : | 213 |
| Publishing date : | 2011 |
| Language : | English |
| Format in cm : | 19.1*27.3 |
Introduction
The evolution of the Incoterms rules from 1936 to 2010
The ICC Model International Sale Contract (ICC Pub. No. 556)
Additional Contracts
Understanding the Incoterms rules
- What are the Incoterms rules, and what can they do for you?
- Referencing the Incoterms rules in a contract of sale
- The differences between the Incoterms 2000 rules and The Incoterms® 2010 rules
- What the Incoterms rules cannot do for you
- The Incoterms rules and contracting practice
- Why are as many as 11 Incoterms rules required?
- Which Incoterms rule should be chosen?
- The Incoterms rules and the contract of carriage
- The duties under the Incoterms rules to load and unload the goods
- The duties connected to export and import clearance
- The Incoterms rules and insurance
- The Incoterms rules and documentary credits
- The Incoterms rules and electronic commerce
- Variations of the Incoterms rules
- The Incoterms rules and other terms in the contract of sale
- The Incoterms rules and dispute resolution
- The four categories of the Incoterms rules: main components
- Important differences between shipment and arrival contracts
- The abbreviations: E-, F-, C- and D-terms
- The term EXW: placing the goods at the disposal of the buyer
- F-terms and C-terms: the carriage-related terms
- F-terms: main carriage not paid by seller
- C-terms: main carriage paid by seller
- D-terms: delivered terms (DAT, DAP and DDP)
- Seller’s and buyer’s obligations: an overview
- Sections A1, B1: the obligation to exchange goods for money
- Section A9: the seller’s packaging obligations
- Section B9: pre-shipment inspection
- Sections A2, B2: the obligation to clear the goods for export and import
- Sections A2, B2 and A10, B10: security measures and the changing role of customs
- Resolution of the Customs Co-operation Council on the framework of standards to secure and facilitate global trade
- Sections A3, B3 and A4, B4: division of functions, costs and risks between the parties
- Section A8: the seller’s duty to provide proof of delivery and the transport document
- Sections A4 and B4: the seller’s obligation to deliver and the buyer’s obligation to take delivery
- Sections A5 and B5: the transfer from seller to buyer of the risk of loss of or damage to goods
- Section A3b: the seller’s insurance obligation
- Sections A7, B7: notices
- Sections A6, B6, A3, A10 and B10: division of costs between the parties
- Going through the 11 Incoterms rules
- Group I
- EXW 87
- FCA 97
- CPT 111
- CIP 123
- DAT 127
- DAP 137
- DDP 149
- Group II
- FAS 161
- FOB 171
- CFR 183
- CIF 199
- Role of the Incoterms rules in an international contract of sale 203
- Annexes 207
- CMI Uniform Rules for Sea Waybills 208
- CMI Uniform Rules for Electronic Bills of Lading 209
- Copyright notice 213
- Other Incoterms products 214
- ICC at a glance 215
- ICC publications for global business
Jan Ramberg