Incoterms 2010: what's new
Current version (2010) vs. the previous version (2000)
- The revised version that has been in force since 1 January 2011 contains only eleven instead of the original 13 clauses.
- These were divided into two categories:
a. The EXW, FCA, CPT, CIP and DDP clauses that apply to all types of transportation.
b. FAS, FOB, CFR, CIF – exclusively for sea and inland navigation.
- DAP replace DAF, DES and DDU.
- DAT replaces DEQ.
- With CIF, CFR and FOB, the risk is no longer transferred at the ship’s railing (“suspended”) to the buyer, but instead when the goods are deposited on the ship’s deck.
- With the C-clauses there is a new obligation for the buyer to provide insurance-related information.