Incorrect usage of C-Terms – Incoterms 2010

One problem in Incoterms 2010 concerns the correct usage of CFR and CIF and the question – who pays for the terminal handling charges at the port of import? To Read more…

Incoterms 2010 – DDP – Delivered Duty Paid

The DDP (Delivered Duty Paid) incoterm is one where the seller’s price to the buyer should include all costs required to deliver the goods to the buyer’s door, up to Read more…

Incoterms 2010 – DAP- Delivered at Place

The International Chamber of Commerce (ICC) has put a lot of effort into marketing their Incoterms and they have been subsequently very successful in promoting these terms into international trade Read more…

Incoterms 2010 – DAT – A new incoterm?

DAT (Delivered at Terminal) can be applied to all types of shipping contracts.  With a DAT term, the price offered by the seller to the buyer should include (as with Read more…

Piracy on the West Africa Seas

Piracy apparently accounts for almost 7% of all global trade! The most notorious episodes in recent years have been the hijacking of massive container ships (amongst other craft), and the Read more…

Incoterms 2010 – Solutions to CIP risks

CIP appears to be one of the less problematic incoterms with regards to international trade.  However, there are still risks which need to be considered. The incoterms (international commercial terms) Read more…

Incoterms 2010 – New opportunities using CPT

Under Incoterms 2010 the C-terms CPT and CIP can be used for all forms of transport.  But when should CPT be used? Negotiating international trade contracts can be a bit Read more…

Brief History of Incoterms

The use of Incoterms in International Trade is widespread today, yet this has not always been the case.  This article studies the history and development of Incoterms during the 20th Read more…

Incoterms 2010 – CIF – Universally used, but no longer universally relevant?

CIF (Cost, Insurance and Freight) is one of the most commonly used incoterms in international trade terminology, and like CFR, this term is used when the seller has met his Read more…

Incoterms 2010 – Some points to note with CFR (Cost and Freight)

It can sometimes take time for a new phrase or wording to replace an old established one.  This is certainly the case with the incoterm C and F, which I Read more…

Incoterms 2010 – The versatility of FCA (Free Carrier)

One of the most intriguing questions raised about Incoterms 2010 came during a training course, run by the ICC (International Chamber of Commerce), in 2010.   A fellow delegate asked whether Read more…

Incoterms 2010 – FAS (Free Alongside Ship)

Free Alongside Ship (FAS) is, like FOB (Free on Board), an Incoterm which should only be used for sea or inland waterways transport, but is not suitable for container traffic Read more…

Incoterms 2010 – Changes to Free On Board (FOB)

Free On Board (FOB) is one of those phrases/buzzwords in International Trade that a lot of people recognise, and a surprising amount use in their international contracts, but struggle to Read more…

Random Scans at European Sea Ports

One of the possible hidden costs when sea-freighting goods from European ports, is that Customs are allowed to seize containers without notice on a random basis for a Customs Scan. Read more…

Demurrage discharge costs for containers

Most shipping lines require their containers to be unloaded and returned back to a port after a short period of time so that they can be re-used quickly for new Read more…

Finacial pitfulls for the Seller with the DDP Incoterm

According to the International Chamber of Commerce (ICC) Incoterms 2010, DDP (Delivery Duty Paid) means that the seller delivers the goods when the goods are placed at the disposal of Read more…

Preliminary information about Incoterms 2010

The International Chamber of Commerce (ICC) has now published their Publication No. 715E on Incoterms 2010. These rules can be used from 1st January 2011, although there is nothing to Read more…

Incoterms 2010

The International Chamber of Commerce (ICC) has issued new Incoterms which will be in use from 1st January 2011. ICC Publication No. 715E, 2010 Edition, will be available to purchase Read more…

D-terms in Incoterms 2000

There are five D-terms in Incoterms 2000. These are DAF (Delivered at Frontier), DES (Delivered Ex-Ship) DEQ (Delivered Ex-Quay), DDU (Delivered Duty Unpaid) and DDP (Delivered Duty Paid). These terms Read more…