Incoterms 2010

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Incoterms 2010

Content, practical importance and application of the Incoterms 2010 in drafting an international sales contract

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Table of Contents 1

1 INTRODUCTION 2

2 TERMS AND PRINCIPLES 3

2.1 THE INTERNATIONAL CHAMBER OF COMMERCE 3

2.2 PRIVATE LAW 3

2.3 CONTRACTS FOR THE INTERNATIONAL SALE OF GOODS 4

2.4 INCOTERMS 4

3 THE TERMS OF INCOTERMS 2010 CODES 5

3.1 ALL TYPES OF TRANSPORT 5

3.1.1 EXW 5

3.1.2 FCA 6

3.1.3 CPT 7

3.1.4 CIP 7

3.1.5 DAT 8

3.1.6 DAP 8

3.1.7 DDP 9

3.2 SEA AND INLAND WATERWAY TRANSPORT 9

3.2.1 FAS 9

3.2.2 FOB 10

3.2.3 CFR 10

3.2.4 CIF 11

4 INCORPORATION IN CONTRACTS 12

5 CONCLUSION AND OUTLOOK 13

6 List of Literature 14

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INTRODUCTION

Our world is constantly changing. While World trade of modern industrial nation subjects to the tension between globalization and liberalization, fight weaker nations with political conflicts and open only slowly to the international movement of goods. Short product life cycles and intense price competition provide increasingly rapid economic processes that can only be addressed through advances in technology, such as the increased use of electronic communications and optimized logistics processes. But not only the production and trade are affected by this speed - even customers wish to attend from faster delivery times and to the global transport networks, without suffering losses in security and reliability. To meet this demand requires, a clear agreement between buyer and seller in the rights and obligations are clearly manifested. This may be express or implied happen - and it can make to statutory provisions, or include common commercial practice. In addition to determining the Contracting Parties, the subject of the contract, price, warranty, and other points especially an essential focus on the delivery form: Who has to bear the costs of transport,...