incoterm 2011
TRANSCRIPT
October 2010 | © METRO AG 2010
MADE TO TRADE.
New Incoterms 2011
MADE TO TRADE. New Incoterms 2010 October 2010 | © METRO AG 2010
No changes in Terms
Name changes for DAF, DES & DDU (Delivery Duty Unpaid) in DAP (Delivery at Place)
Risk transfer no changes (see graph)
MADE TO TRADE. New Incoterms 2010 October 2010 | © METRO AG 2010
old FOB
responsibility for costs and the transfer
of risks of loss or damage to the goods
passed to the buyer once the goods
passed the ship's rail at the named
port of shipment
new FOB
responsibility for costs and transfer of risk
once the goods are on board the vessel
nominated by the buyer at the named port of
shipment
New Incoterm FOB
MADE TO TRADE. New Incoterms 2010 October 2010 | © METRO AG 2010
New Incoterm CFR
old CFR
responsibility for costs and the transfer
of risks of loss or damage to the goods
passed to the buyer once the goods
passed the ship's rail at the named
port of shipment
new CFR
responsibility for costs and transfer of risk
once the goods are on board the vessel
nominated by the buyer at the named port
of shipment
MADE TO TRADE. New Incoterms 2010 October 2010 | © METRO AG 2010
New Incoterm CIF
old CIF
responsibility for costs and the transfer of
risks of loss or damage to the goods
passed to the buyer once the goods
passed the ship's rail at the named port
of shipmentnew CIF
responsibility for costs and transfer of risk
once the goods are on board the vessel
nominated by the buyer at the named port of
shipment
the seller must provide the buyer, at the
buyer's request, risk and expense (if any), with
information that the buyer needs to procure
any additional insurance
MADE TO TRADE. New Incoterms 2010 October 2010 | © METRO AG 2010
DAF,
DES and
DDU
seller delivers when the goods are placed at the disposal
of the buyer on the arriving means of transport not
unloaded, cleared for export, but not cleared for import at
the named point and place at the frontier
seller delivers when the goods are placed at the disposal
of the buyer on board the ship not cleared for import at
the named port of destination
seller delivers the goods to the buyer, not cleared for
import, and not unloaded from any arriving means of
transport at the named place of destination
new DAP
seller delivers the goods to the buyer, not
cleared for import, and not unloaded from
any arriving means of transport at the
named place of destination
New Incoterm DAP