The New Incoterms 2010 rules

Wednesday, January 5, 2011

New Incoterms 2010 rules, which replace the Incoterms 2000 rules, entered into force on January 1, 2011. The aim of Incoterms 2010 is to simplify the rules, make them easier to use and mirror recent changes in international trade. The main feature is that two new incoterms rules, DAT and DAP, have replaced the Incoterms 2000 rules DAF, DES, DEQ and DDU.

Incoterms is a set of definitions of custom of trade which sellers and buyers of goods agree to use. Incoterms is not a law, regulation or an international contract and does not apply between seller/buyer and any third party, e.g. carrier of goods.

Eimskip customers are advised to examine the new Incoterms 2010 rules. For further information please contact Eimskip or visit ICC Incoterms website.