Incoterms 2010Incoterms 2010

In international trade, businesses use the standard trade definitions - Incoterms 2010 - published by the International Chamber of Commerce (ICC) to describe the risks, responsibilities and obligations of the various parties.

Incoterms 2010 is divided into two groups:

Incoterms 2010 applicable for all modes of transport:

  • EXW Ex Works
  • FCA Free carrier
  • CPT Carriage Paid to
  • CIP Carriage and Insurance Paid to
  • DAT Delivered at Terminal – NEW!
  • DAP Delivered at Place – NEW!
  • DDP Delivered Duty Paid  

Incoterms 2010 only applicable for sea and inland waterway transport:

  • FAS Free Alongside Ship
  • FOB Free On Board
  • CFR Cost and Freight
  • CIF Cost, Insurance and Freight  

Deleted Incoterms

  • DAF Delivered at Frontier
  • DEQ Delivered Ex Quay
  • DES Delivered Ex Ship
  • DDU Delivered Duty Unpaid

 

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Danske Bank A/S, London Branch, 75 King William Street, London EC4N 7DT, United Kingdom. Telephone: +44 (0)20 7410 8000 Facsimile: +44 (0)20 7410 8001 E-mail: london.info@uk.danskebank.com. VAT number: 853 7590 92. Danske Bank A/S, London Branch is authorised by the Danish Financial Supervisory Authority (Finanstilsynet) and is subject to limited regulation by the the Financial Conduct Authority and the Prudential Regulation Authority. Complaints should be addressed to our Legal Department. Details on the extent of our regulation by the Financial Conduct Authority and the Prudential Regulation Authority are available from us on request. Registered Branch in England and Wales, Company No. FC011846, Branch No. BR000080. Danske Bank A/S, Incorporated in Denmark, CVR No. 61 12 62 28 Copenhagen. Our details can also be viewed on The Financial Services Register under Firm Reference Number 124655.

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