Skip to Content

You are here

Edit
This message is only visible to administrators

Dev Notes:
  • The template this page is rendered from is export-landing-page.tpl.php
  • The executer of this template, and the script that pulled the information this template depends on, would weither be export-portal.tpl.php or ConsumeData-Export.govSiteRip.php
  • Note that ripExportDotGovPage() may pull content from export.gov, but only if the target-page has not already been cached into a file somewhere in sites/default/files/export-gov-content/~
  • By the time you are reading this message, the export.gov domain may already been shut down. By this/that point in time, we should have all pages in export.gov cached into this directory on the server (sites/default/files/export-gov-content/~).
The target page on export.gov has been cached/stored at sites/default/files/export-gov-content/faq/eg_main_023922.asp.store
This is also the cache-file ripExportDotGovPage() depends on and will returned parsed information from.
Click here to edit this cache file (you can edit the content shown below by editing this cache file).

Incoterms®

The latest version of Incoterms®, Incoterms® 2010, was launched in September 2010 and became effective January 1, 2011. Incoterms® are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts. They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions.

What are Incoterms®?

What are Incoterms® used for?

Why were the Incoterms® 2000 revised?

What are the Incoterms® 2010?

Can I still use the Incoterms® 2000?

Where can I obtain a copy of the new Incoterms® 2010?

Where can I learn more about the new Incoterms®?

What are Incoterms®?

The term, Incoterms®, is an abbreviation for International Commercial Terms. They are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts for domestic and international trade. They are published by the International Chamber of Commerce (ICC) and are widely used in international commercial transactions. The first Incoterms® were issued in 1936. The most recent version of Incoterms®, Incoterms® 2010, were launched in September 2010 and became effective January 1, 2011.

What are Incoterms® used for?

Incoterms® provide a common set of rules to clarify responsibilities of sellers and buyers for the delivery of goods under sales contracts. They apportion transportation costs and responsibilities associated with the delivery of goods between buyers (importers) and sellers (exporters) and reflect modern-day transportation practices. Incoterms® significantly reduce misunderstandings among traders and thereby minimize trade disputes and litigation.

Why were the Incoterms® 2000 revised?

Incoterms® 2010 are the updated version of Incoterms®. Incoterms® 2010 have been developed as a result of an extensive review of current shipping practices and trends in an effort to keep up with the rapid expansion of world trade. The key drivers for this update include: a need for improved cargo security, changes to the Uniform Commercial Code in 2004 that resulted in a deletion of U.S. shipment and delivery terms, and new trends in global transportation.

What are the Incoterms® 2010?

The two main categories of Incoterms® 2010 are now organized by modes of transport. Used in international as well as in domestic contracts for the first time, the new groups aim to simplify the drafting of contracts and help avoid misunderstandings by clearly stipulating the obligations of buyers and sellers.

Group 1. Incoterms® that apply to any mode of transport are:

  • EXW Ex Works
  • FCA Free Carrier
  • CPT Carriage Paid To
  • CIP Carriage and Insurance Paid To
  • DAT Delivered at Terminal
  • DAP Delivered at Place
  • DDP Delivered Duty Paid

Group 2. Incoterms® that apply to sea and inland waterway transport only:

  • FAS Free Alongside Ship
  • FOB Free on Board
  • CFR Cost and Freight
  • CIF Cost, Insurance, and Freight

View Incoterms® 2010 with Definitions

For a comprehensive discussion of Incoterms® and their use, watch our free webinar.

Can I still use the Incoterms® 2000?

According to the International Chamber of Commerce, all contracts made under Incoterms® 2000 remain valid even after 2011. In addition, although the ICC recommends using Incoterms® 2010 from January 2011 onward, parties to a sales contract can agree to use any version of Incoterms® after 2011. It is important, however, to clearly specify the chosen version of Incoterms® being used (i.e. Incoterms® 2010, Incoterms® 2000, or any earlier version).

Where can I obtain a copy of the new Incoterms® 2010?

You can purchase a copy of the new Incoterms® 2010 from the ICC website.

You may also consult INCOTERMS® 2010 Quick Reference Chart.

Where can I learn more about the new Incoterms®?

There are a number of private sector and government organizations that offer workshops, webinars, and seminars related to the new Incoterms®. For webinars and other events related to Incoterms® and many other topics of trade education that are being offered by the U.S. Commercial Service and its partners in support of the President’s National Export Initiative, you may visit our Trade Events Search Database.