From January 1, 2011, all Telerex transactions are subject to our general terms and Incoterms ® 2010. Incoterms are rules for establishing and agreeing on the mutual trade relations, drawn up by the International Chamber of Commerce.
These Incoterms are the same all over the world and regulate the rights and obligations between trading parties. The rules specify who should insure the goods to what point and at what point the risk for the goods is incurred by another party. Incoterms does not regulate the transfer of ownership, this is regulated by our terms and conditions.
The 11 Incoterms ® rules
- CFR - Cost and Freight
- CIF - Cost, Insurance & Freight incl. till receiving harbour
- CIP - Carriage and Insurrance Paid to
- CPT - Carriage Paid to
- DAP - Delivered At Place (voorheen DDU)
- DAT - Delivered At Terminal
- DDP - Delivered Duty Paid
- EXW - EX Works
- FAS - Free Alongside Ship
- FCA - Free Carrier
- FOB - Free On Board
New rules Incoterms
In Incoterms® 2010, there are two new rules. Delivered At Terminal (DAT) oversees the rules for the provision of the goods to the buyer, once unloaded from the arriving transportation vessel. Delivered At Place (DAP) are also rules for the provision of the goods to the buyer, but then once the goods are ready to unload. For both rules, the seller bears all costs and risks for the transport of the goods to the place of destination.
Regarding inland waterway and sea transport, it is still the case that the goods are delivered when they are on board the ship and not at the moment the goods have passed the ship's rail, as was the case with the old rules. The Incoterms ® 2010 have also been adjusted so that it is now clear which terminal costs are borne by which party.