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