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Incoterms® 2010

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 came 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

Contacts:

 Riyadh, KSA

 Olaya Road, Crossover King Abdullah Road

 +966 11 2006177

 +966 11 2006188

 info@lsclogistics.com

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