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Incoterms 2010

incoterms 2010, incoterms

Marine Only Terms

FAS (Free Alongside Ship):

  • The risk of loss of or damage to the goods passes when the goods are alongside the ship, and the buyer bears all costs from that moment onwards.

FOB (Free on Board): 

  • The risk of loss of or damage to the goods passes when the goods are on board the vessel, and the buyer bears all costs from that moment onwards.

CFR (Cost & Freight) to a named place 

  • The risk of loss of or damage to the goods passes when the goods are on board the vessel.
  • The buyer bears all costs once the seller has delivered the goods to the named place.

CIF (Cost, Insurance and Freight) to a named place

  • The risk of loss of or damage to the goods passes when the goods are on board the vessel, but the seller covers insurance costs for the buyer until freight is delivered to the name place.
  • The buyer bears all costs once the seller has delivered the goods to the named place.

All Modes of Transportation

EXW (Ex Works)

  • The risk of loss or damage to the goods passes when the goods are recovered from the seller’s facility, and the buyer bears all costs from that moment onwards.

FCA (Free Carrier) to a named place

  • The risk of loss of or damage to the goods passes when the goods are delivered by the seller to the named place, and the buyer bears all costs from that moment onwards, however, the seller must take care of the export clearance if applicable.

CIP (Carriage & Insurance Paid) to a named carrier/place

  • The risk of loss of or damage to the goods passes when the goods turned over to the named carrier, but the seller covers insurance costs for the buyer until freight is delivered to the name place.
  • The buyer bears all costs once the seller has delivered the goods to the named place.

CPT (Carriage Paid To) to a named carrier/place

  • The risk of loss of or damage to the goods passes when the goods are turned over to the named carrier, but the buyer bears all costs after carrier has delivered goods to a named place.

DAP (Delivered at Place) to a named place

  • The risk of loss of or damage to the goods passes once the goods are delivered at the named place, and the buyer bears all costs from the named place onwards.

DAT (Delivered at Terminal) to a named terminal

  • The risk of loss of or damage to the goods passes once the goods have been made available at said terminal.

DDP (Delivered Duty Paid)

  • The risk of loss or damage to the goods passes once the buyer has control of the product, and the seller bears all costs until goods delivered to the buyer.

INCOTERMS 2010

HANOI HEAD-QUARTER

location1Vitranco Building, 6th Floor, 1A-A1 Thai Thinh Str., Dong Da Dist., Hanoi City, Vietnam.
tel +84-4-3513 5407 (4 lines)
fax ico +84-4-4514 5410
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dr blue Sara Yen
mobile+84 904 147 537

HAIPHONG BRANCH

location18th Floor, 7B Tran Hung Dao Str., Hong Bang Dist., Haiphong City, Vietnam.
tel +84-3-1351 5585
fax ico +84-3-1351 5586
mail1 This email address is being protected from spambots. You need JavaScript enabled to view it.

dr blueCindy Giang
mobile+84 936 962 466

HOCHIMINH BRANCH

location13rd Floor, 143-145 Phan Xich Long Str., Ward 7, Phu Nhuan Dist., Hochiminh City, Vietnam.
tel+84-8-3517 8410 (4 lines)
fax ico+84-8-3517 8411
mail1 This email address is being protected from spambots. You need JavaScript enabled to view it.

dr blue Doris Dung
mobile+84 903 882 010