Inco Terms
Loyalty - Essence Of Logistics™

Inco-Terms

by the International Chamber of Commerce (ICC)

The 7th revision of the globally-known trade terms developed and published by the International Chamber of Commerce will come into effect on 1 January 2011.


Renewals at a glance

  • The new Incoterms DAT and DAP replace the former terms DAF, DES, DEQ, and DDU.
  • Definition of terminal according to Incoterms® 2010: Terminal includes any place, whether covered or not. It can be a quay, a warehouse, a container yard, a road, rail or air cargo terminal.
  • New transfer of costs and risks under the terms FOB, CFR, CIF