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COURSE: Idioma Extranjero II. TEACHER: Patricia Llerena NAME: Vasquez García Dina Career: Cani HEADQUARTERS: Principal. SHIFT: Noche

This document summarizes a presentation about INCOTERMS 2010. It defines the purpose of INCOTERMS as establishing international rules to facilitate global trade and reduce risks and uncertainties. It discusses aspects incorporated in the 2010 version like reducing rules from 13 to 11. It explains how to use the rules by indicating obligations and costs, and that they do not determine ownership or override local law. The main differences between the 2000 and 2010 versions are presented, like replacing rules and defining shipping terms as "on board" not "ship's rail".

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Angel Arguedas
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41 views4 pages

COURSE: Idioma Extranjero II. TEACHER: Patricia Llerena NAME: Vasquez García Dina Career: Cani HEADQUARTERS: Principal. SHIFT: Noche

This document summarizes a presentation about INCOTERMS 2010. It defines the purpose of INCOTERMS as establishing international rules to facilitate global trade and reduce risks and uncertainties. It discusses aspects incorporated in the 2010 version like reducing rules from 13 to 11. It explains how to use the rules by indicating obligations and costs, and that they do not determine ownership or override local law. The main differences between the 2000 and 2010 versions are presented, like replacing rules and defining shipping terms as "on board" not "ship's rail".

Uploaded by

Angel Arguedas
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COURSE: Idioma Extranjero II.

TEACHER: Patricia Llerena


NAME: Vasquez Garca Dina
CAREER: CANI
HEADQUARTERS: Principal.
SHIFT: Noche.
PRESENTATION

Good evening, my name is Dina Vasquez, this time I came to expose about the
purpose of INCOTERMS 2010, after finished my presentation will give 10
minutes for questions or inquiries.

INCOTERMS 2010

PURPOSE OF INCOTERMS
Establish a set of international rules that aim to facilitate the conduct of global
trade. So the uncertainties of different interpretations in different countries can
be avoided.
INCOTERMS help identify the respective obligations of the parties
(C / V) and reduces the risk of legal complications.
The INCOTERMS determine the exact point of the transfer of risk of injury and
responsibility of delivering the goods between seller and buyer.

DO NOT INCOTERMS
They are not laws, are recognized as Recommended Practice International
Standard.
The INCOTERMS do not determine the ownership of a commodity. (This point
should be provided in another clause in the sales contract).
There are all-inclusive service, often details that go beyond the Incoterms
should be covered elsewhere in the contract.

ASPECTS INCORPORATED IN VERSION 2010

Name: Rules Incoterms 2010


Number: reduction of 13-11 Rules
FTZ: Season recognizes transactions between Markets

Electronic Communication:
documents in any platform.

consider the

increased

use

of

electronic

New Transport Practices: recognizes the changes of the last decade.

HOW TO USE THE RULES INCOTERMS 2010

The Incoterms rules provide NO contract C / V full; Yes indicate:


Who is obliged to arrange transportation and insurance (risk).
When the seller delivers goods to the buyer.
Who is responsible for which costs.

The Incoterms Rules NO refer to:


Price to pay, or payment.
Transfer of ownership of the goods.
Consequences for breach of contract Local law can override the Incoterms
rules

The role of customs documents is based on how Incoterms are located


before the Customs formalities:

EXW: the buyer is responsible for both Customs Exp / Imp.


FCA, CFR, CIF, CIP, DAP and DAT: the seller is responsible for export
customs and buyer custom import.
DDP: the seller is responsible for both Customs Exp / Imp.

MAIN DIFFERENCES BETWEEN INCOTERMS 2000 RULES AND 2010


The number of rules are reduced from 13 to 11.

DAF, DES, DEQ, DDU and rules are replaced by two new rules such as DAT
(delivery terminal) - DAP (delivery location), which can be used irrespective of
the mode of transport agreed
RULES FOR ANY WAY TRANSPORTATION OR OTHERWISE (INCLUDING
SHIPS):

EXW in manufactures (... named place)


FCA Free Carrier (... named place)
CPT Carriage Paid To (... named place of destination)
CIP Carriage and Insurance Paid To (... named place of destination agreed)
DAT Delivered At Terminal (... named place of destination)
DAP Delivered at Place (... named place of destination)
DDP Delivered Duty Paid (... named place of destination)

FOR SHIPPING AND INLAND WATERWAYS (BOTH PORTS)

FAS Free Alongside Ship (... named port of shipment)


* FOB Free On Board (... named port of shipment)
* CFR Cost and Freight (... named port of destination)
* CIF Cost, Insurance and Freight (... named port of destination)

Note: substantial change in the definition


Version 2000: "ship's rail"
Version 2010 "on board"

I thank you all for your attention this been all my exposure, any questions?
Thank you very much

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