Incoterms is a program implemented by the International Chamber of Commerce to standardize the terms used in international trade. the terms of sale used, consist of internationally accepted rules that define the responsibilities of sellers and buyers. Incoterms; that specify who is responsible for paying and managing shipping, insurance, documentation, customs clearance and other logistics activities. you can learn about incoterms rules and whether incoterms are mandatory .
When we say what Incoterms mean ; It includes procedures that specify who is responsible for paying and managing shipping, insurance, documentation, customs clearance and other logistics activities. Incoterms consist of internationally accepted rules that define the responsibilities of sellers and buyers. Incoterms consist of 11 separate rules that define the responsibilities of sellers and buyers for the sale of goods in international transactions by the International Chamber of Commerce. It is of primary importance that each Incoterms rule clarifies the duties, costs and risks to be assume by buyers and sellers in these transactions. Incoterms are update every year.
What Are Incoterms
Incoterms were first published in 1936. Afterwards, it was revised in various years and took its final form in 2010. The revision made in 2010 entered into force on 1 January 2011. It is possible to use all versions by specifying contracts and documents. When we say whether Incoterms San Marino Email List are mandatory, the Incoterms rules used in international sales contracts are not mandatory rules.
Incoterms rules consist of 11 items. When we say Incoterms 2023, it is seen that there are updates every year. We have listed these rules in detail below.
Ex Works (EXW) for delivery from the workplace
Costs, Insurance and Freight, Cost, Insurance and Freight (CIF)
Carriage and Insurance Paid, Carriage and Insured Paid To (CIP)
Free On Board (FOB)
Carrier Free, Free Carrier (FCA)
Costs and Freight, Cost and Freight (CFR)
What Are Incoterms Rules
Customs Duty Paid, Delivery Duty Paid (DDP)
Delivered at Place (DAP)
Carriage Paid To (CPT)
Free alongside Ship (FAS)
Terminal, Delivered at Place (DAT)
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