Quick answers to common logistics questions.
The INCOTERMS or Purchase / Sale Terms are not a law, however they define the rights and obligations between buyer and seller, determining costs and risks between the parties, they are recognized internationally and are the work of the International Chamber of Commerce.
Important aspects of the INCOTERM
Table of Incoterms 2010
Attached sheet with the image of the table
The 11 types of Incoterms 2010 are presented in 2 groups:
Note that they disappear from the list with respect to Incoterms 2000: DDU - DAF - DES - DEQ).
EXW: The seller puts the goods at the disposal of the buyer in their own premises.
FAS, FCA, FOB: The seller delivers the goods to a means of transport chosen by the buyer.
CFR, CIF, CPT, CIP: The seller hires the main transport.
DAT, DAP, DDP: The seller bears all the risks and expenses necessary to take his merchandise to his destination.