Incoterms 2015

Incoterms 2015

The Incoterms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) (@iccwbo) widely used in international commercial transactions. A series of three-letter trade terms related to common sales practices, the Incoterms rules are intended primarily to clearly communicate the tasks, costs and risks associated with the transportation and delivery of goods.

The Incoterms rules are accepted by governments, legal authorities and practitioners worldwide for the interpretation of most commonly used terms in international trade. They are intended to reduce or remove altogether uncertainties arising from different interpretation of the rules in different countries.

What are Incoterms?

INCOTERMS are a set of three-letter standard trade terms most commonly used in international contracts for the sale of goods. It is essential that you are aware of your terms of trade prior to shipment.

INCOTERMS са трибуквени съкращения на условията за доставка, широко използвани в международните търговски отношения и публикувани от Международната търговска камара (ICC).

  • EXW – EX WORKS (… named place of delivery) – ФРАНКО ЗАВОДА
    The Seller’s only responsibility is to make the goods available at the Seller’s premises. The Buyer bears full costs and risks of moving the goods from there to destination.
  • FCA – FREE CARRIER (… named place of delivery) – ФРАНКО ПРЕВОЗВАЧА
    The Seller delivers the goods, cleared for export, to the carrier selected by the Buyer. The Seller loads the goods if the carrier pickup is at the Seller’s premises. From that point, the Buyer bears the costs and risks of moving the goods to destination.
  • CPT – CARRIAGE PAID TO (… named place of destination) – ПРЕВОЗЪТ Е ПЛАТЕН ДО… (уговорено местоназначение)
    The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage.
  • CIP – CARRIAGE AND INSURANCE PAID TO (… named place of destination) – ПРЕВОЗ И ЗАСТРАХОВКА ПЛАТЕНИ ДО… (уговорено местоназначение)
    The Seller pays for moving the goods to destination. From the time the goods are transferred to the first carrier, the Buyer bears the risks of loss or damage. The Seller, however, purchases the cargo insurance.
  • DAT – DELIVERED AT TERMINAL (… named terminal at port or place of destination) – ДОСТАВЕНО ДО ТЕРМИНАЛ (уговорен терминал).
    The Seller delivers when the goods, once unloaded from the arriving means of transport, are placed at the Buyer’s disposal at a named terminal at the named port or place of destination. “Terminal” includes any place, whether covered or not, such as a quay, warehouse, container yard or road, rail or air cargo terminal. The Seller bears all risks involved in bringing the goods to and unloading them at the terminal at the named port or place of destination.
  • DAP – DELIVERED AT PLACE (… named place of destination) – ДОСТАВЕНО ДО МЯСТО (уговорено място за доставка).
    The Seller delivers when the goods are placed at the Buyer’s disposal on the arriving means of transport ready for unloading at the names place of destination. The Seller bears all risks involved in bringing the goods to the named place.
  • DDP – DELIVERED DUTY PAID (… named place) – ДОСТАВЕНО, ПЛАТЕНО МИТО (уговорено място за доставка).
    The Seller delivers the goods -cleared for import – to the Buyer at destination. The Seller bears all costs and risks of moving the goods to destination, including the payment of Customs duties and taxes.

2. MARITIME-ONLY TERMS – УСЛОВИЯ, ВАЛИДНИ САМО ПРИ ПРЕВОЗ ПО МОРЕ

  • FAS – FREE ALONGSIDE SHIP (… named port of shipment) – ФРАНКО ПРОТЕЖЕНИЕ НА КОРАБА (уговорено пристанище).
    The Seller delivers the goods to the origin port. From that point, the Buyer bears all costs and risks of loss or damage.
  • FOB – FREE ON BOARD (… named port of shipment) – ФРАНКО БОРДА НА КОРАБА (уговорено пристанище).
    The Seller delivers the goods on board the ship and clears the goods for export. From that point, the Buyer bears all costs and risks of loss or damage.
  • CFR – COST AND FREIGHT (… named port of destination) – СТОЙНОСТ И НАВЛО (до уговорено пристанище).
    The Seller clears the goods for export and pays the costs of moving the goods to destination. The Buyer bears all risks of loss or damage.
  • CIF – COST INSURANCE AND FREIGHT (… named port of destination) – СТОЙНОСТ, ЗАСТРАХОВКА И НАВЛО (до уговорено пристанище).
    The Seller clears the goods for export and pays the costs of moving the goods to the port of destination. The Buyer bears all risks of loss or damage. The Seller, however, purchases the cargo insurance.