Changes introduced by Incoterms 2010
The Incoterms 2010 of the ICC (International Chamber of Commerce) entered into force on January 1, 2011 and replace the old Incoterms 2000.
The following is a summary of the changes introduced with the new Incoterms 2010.
With the new Incoterms® 2010, the International Chamber of Commerce (ICC) has made an effort to improve its use. We can also observe in this new edition an important simplification effort. Four Incoterms have been removed and two new ones have been created in their place.
Let’s see these changes in the following table, where we can see in bold the Incoterms that have disappeared. There were thirteen Incoterms 2000, among which the International Chamber of Commerce distinguished between maritime and multipurpose Incoterms, but the thirteen Incoterms appeared on a single list.
INCOTERMS 2000
EXW Ex factory (multipurpose)
FAS Free Alongside Ship (Maritime)
FOB Free on board (maritime)
FCA Free carrier (versatile)
CPT Carriage paid to (versatile)
CFR Cost and Freight (Ocean)
CIP Transportation and insurance paid to (multipurpose)
CIF Cost, insurance and freight (maritime)
DES Delivered by ship (maritime)
DEQ Delivered at Dock, Duty Paid (Ocean)
DAF Delivered at the border (multipurpose)
DDU Delivered Duty Free (Multipurpose)
DDP Delivered Duty Paid (Multipurpose)
Regarding the 2010 Incoterms, we can see that the International Chamber of Commerce has created two categories of Incoterms, one that can be used with any mode or modes of transportation, thus it includes road, rail, air, sea, river, and any combination. of these; and a second category that refers only to those Incoterms that can be used for maritime or fluvial transport.
INCOTERMS® 2010
For any mode of transport:
EXW Ex factory
FCA Freecarrier
CPT Transportation paid to
CIP Carriage and insurance paid to
DAT Delivered in terminal
DAP delivered on site
DDP Delivered Duty Paid
For maritime and inland waterway transport only:
FAS Free alongside the ship
FOB Free on board
CFR Cost and Freight
CIF Cost, insurance and freight
Pay attention to the following, it is a “bouillon cube”, it needs reflection to be able to dissolve and assimilate all the content:
THE 2010 INCOTERMS OF RULES FOR MARITIME TRANSPORT AND NAVIGABLE INLAND WATERWAYS CAN ONLY BE USED WHEN WE ARE ABLE TO FILL VESSELS (BULK CARRIERS, TANKS, ETC) OR RENT SPACE IN THE WAREHOUSE. NOT FOR CONTAINERS.
Therefore, if our company does not fill entire ships or contract warehouse space as it happens with general cargo, and normally uses containers for maritime transport, trucks and other means of transport, we should not use Incoterms for maritime transport. and transport by inland waterways.
The good news is that, of the thirteen Incoterms 2000, four have gone, two new ones have been created and companies that do not use maritime Incoterms do not have to deal with four out of eleven:
13-4+2-4=7
We have gone from thirteen Incoterms to seven: that is what I call simplification.