Feed: Why not to use a FOB factory with the Incoterms - AggScore: 9.1

Why not to use a FOB factory with the Incoterms 2010: the RAFTD are to blame.

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TweetShareEmail TweetShareEmailOn several occasions we have received enquires as to why not to use a FOB factory, in the seller’s facilities with the new Incoterms 2010. Normally, individuals or companies that ask these questions are accustomed to using the RAFTD acronyms. These are trade operation terms created by the U.S Chamber of Commerce. RAFTD stands [...]

Incoterms 2010 by ICC

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To keep up with the rapid expansion of world trade and globalization, the Incoterms rules are revised about once a decade. Since the last revision in 2000, much has changed in global trade and the current revision will take into account issues such as developments in cargo security and the need to replace paper documents with electronic ones.

Incoterms 2010

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The new Incoterms 2010 update the current Incoterms 2000 with new capabilities and less restrictions

Incoterms 2010

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Incoterms rules are revised about once a decade to keep up with the rapid expansion of world trade and globalization. Since the last revision in 2000, much has changed in global trade and the current revision take into account issues such as developments in cargo security post 911 and the growing need to replace paper documents with electronic ones.

New Incoterms 2010

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As of January 1, 2011 the eighth edition, Incoterms 2010,12 have effect. The changes therein affect that all of the five terms in section D are obsoleted and replaced with these three DAT Delivered at Terminal, DAP Delivered at Place, and DDP Delivered Duty Paid. The new terms apply to all modes of transport.