Incoterms 2010

Implementation Date: January 1, 2011

The first Incoterms rules were released in 1936 by the International Chamber of Commerce.  They caused a sensation in the business world given that they represented a radically new concept in an industry regulated by local rules of law.  ICC's Incoterms help traders avoid misunderstandings by clarifying the costs, risks, and the allocation of certain responsibilities of buyers and sellers in contracts for the sale of goods.

International trade becomes more and more complex.  Therefore, universally used rules are essential to avoid misunderstandings and costly disputes.  Regularly incorporated into sales contracts worldwide, Incoterms rules define the responsibilities of sellers and buyers for the delivery of goods.  Incoterms 2010 continues a 70-year ICC tradition and reflects the latest developments in commercial practice and updates, and consolidates some of the former rules.  A new classification system divides the 11 Incoterms rules into two distinct groups: rules for any mode of transport (EXW, FCA, CPT, CIP, DAT, DAP, DDP) and rules for waterway transport (FAS, FOB, CFR, CIF).

1. RULES - Incoterms 2010
In addition to the 11 rules, Incoterms 2010 includes: Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;
   • Extensive guidance notes and illustrative graphics to help users efficiently choose the right rule for each transaction;
   • New classification to help choose the most suitable rule in relation to the mode of transport;
   • Advice for the use of electronic procedures;
   • Information on security-related clearances for shipments;
   • Advice for the use of Incoterms 2010 in domestic trade.

2. GUIDANCE - Guide to Incoterms 2010
Essential to ensuring that Incoterms 2010 are applied correctly.  ICC Guide to Incoterms 2010 analyzes in detail each of the 11 Incoterms rules.  Diagrams and illustrations facilitate their understanding.  This is an invaluable companion for everyone involved in cross border transactions, and it shows how the Incoterms rules work in conjunction with other contracts and answers questions such as:
   • What are Incoterms rules and what can they do for me?
   • How do I reference Incoterms 2010 in a contract of sale, insurance or payment?
   • What are the main differences between Incoterms 2000 and Incoterms 2010?

3. AWARENESS - Incoterms Wall Chart 2010
The changes won't be applied in your company unless all key staff are aware of what they are. Make sure that your offices know about the changes.

This practical wall chart explains all 11 Incoterms 2010 rules at a glance.

12 inches x 24 inches

Each set comes with 10 posters.