The following information is a general and very brief overview of incoterms 2010. A summary of the main difference between the 2000 and 2010 incoterms is given here. One rule of the 2010 version delivered at terminal. Before, the term has been defined informally but it is now defined as the point in the transaction where the risk of loss or damage to the goods passes from the seller to the buyer.
Incoterm 2010 english insurance and incoterms 2010 vcci. Cip has the same incoterm meaning as cpt, but in addition the seller pays for the insurance against loss of damage. Can be used for any transport mode, or where there is more than one transport mode. View notes vi incoterms 2010 from internalti 2012 at ho chi minh city university of economics and law. It is important, however, to clearly specify which version you have chosen. Join our community just now to flow with the file incoterms2010 and make our shared file collection even more complete and exciting. However, incoterm 2010 states that any costs resulting from obtaining such information will be borne by the buyer. The seller is responsible for arranging carriage and for delivering the goods, unloaded from the arriving conveyance, at the named place. The difference between the incoterms 2000 and the 2010 version was the reduction in the numbers of incoterms from to 11.
These changes include both the elimination and creation of new terms, modification of certain uses in the existing terms and adapting the rules to the operational. Download incoterm 2010 tieng viet pdf thng qua vic th sc vi n. Four incoterms daf, des, deq, ddu have been replaced by two new incoterms dat, dap. Below are short descriptions of the 11 rules from the. Delivered at terminal dat incoterms 2010 in incoterms 2020, this rule has been renamed delivered at place unloaded. The incoterms rules have become an essential part of the daily language of trade. Insurance and incoterms 2010 en or vn 1new incoterms 2010 part 1 new. Validity of electronic messages and documents incoterms 2010 granted the same validity to the messages and documents transmitted electronically to those that are supported on paper, if it is agreed by the parties or is a. They are incorporated in contracts for the delivery of goods worldwide and provide guidance to importers, exporters, lawyers, transporters, insurers and students of international trade. Guide to the eu vietnam evfta free trade agreement admin. Incoterms 2010 rules and definition the incoterms 2010 rules have made some significant changes that will be in force, at least, till 2020.
Incoterms 2018 includes all international commercial terms used around the world. Vi incoterms 2010 incoterms 2010 c icc xut bn thng 9. Dat was removed, and is replaced by a new rule delivered at place unloaded. Incoterms 2010 incoterms 2010 incoterms 2000 cac thong l.
Ocean freight air freight exw ex works fca free carrier fob free on board ocean freight only cfr cost and freight ocean freight only cif cost, insurance and freight ocean freight only cpt carriage paid to. It is highly recommended that any company participating in international sales invest in either an incoterm training seminar or a complete icc guide to incoterms. The icc has launched the incoterms 2020, which is effective from the 1st of january 2020. Incoterms 2010 how tu use them incorporate the incoterms 2010 into the contract of sale specify the delivery placeport or place of destination as precisely as possible incoterms can be used for domestic and international trade avoid using variants of incoterms they are confusing and interpretation might become difficult or impossible. Incoterms 2010 cip carriage and insurance paid to cip is followed by a named place of destination. Ocean freight air freight exw ex works fca free carrier fob free on board ocean freight only. Icc revises the incoterms in order to correspond and adopt best practices. Incoterms 2020 defines 11 rules, the same number as defined by incoterms 2010. Vi incoterms 2010 incoterms 2010 c icc xut bn thng 9\2010. Incoterms 2020 is the ninth set of international contract terms published by the international chamber of commerce, with the first set having been published in 1936. In some jurisdictions, the duty costs of the goods may be calculated against. Incoterms 2010 icc international chamber of commerce.