Incoterms Quick Reference Guide for International Shipping
Constantly in our industry we hear terms like CIF, FOB, and DDU tossed around. And, from time to time, you may catch yourself wondering “Who pays for what now?”
I figured I could help some people out and share our Incoterms Quick Reference Guide.
This ofcourse refers to Incoterms 2000 and we are in the process of updating. Most everything for Incoterms 2010 is the same.
Please reference our previous blog post on information for Incoterms 2010.
“As of January 1, 2011 the eighth edition, Incoterms 2010, have effect. The changes therein affect all of the five terms previously listed in section D, which are now obsolete and have been replaced with these three:
- DAT (Delivered at Terminal)
- DAP (Delivered at Place)
- DDP (Delivered Duty Paid)
The new terms apply to all modes of transport.”
See Incoterms on Wikipedia for more information regarding the newest Incoterms updates..