Amendments to Incoterms clauses for international commerce in effect from January 1, 2011

Eurocargo Gebruder Weiss, one of the leaders in the provision of logistic services and solutions in Serbia, has recently initiated a campaign whose aim is to inform the clients on the amendments to the Incoterms clauses for international commerce, which will be in effect from January 1, 2011.

According to the recommendation of the International Chamber of Commerce (ICC), the Incoterms clauses can be entered into both national and international sales agreements.

As Eurocargo Gebruder Weiss explained, instead of 13, 11 rules will be applied in the future and parities are now divided into two categories: the first category includes the clauses for all types of transport - EXW, FCA, CPT, CIP, DAT, DAP, DDP, while the second category includes only the clauses for the overseas and river transport: FAS, FOB, CFR, CIF.

- Pursuant to the latest revision, in case of the clauses FOB, CFR and CIF, the goods are considered as delivered as soon as they are on board the vessel, and not when they are over the fence of the vessel, like before - said the people at Eurocargo Gebruder Weiss.

The Incoterms clauses DAT and DAP will replace current DEQ, DAF, DES and DDU.

When it comes to DAT (delivered at terminal) - the seller delivers uncleared goods to the buyer for import, which are unloaded from the means of transportation at the agreed place.

In case of DAP (delivered at place) - the seller delivers uncleared goods to the buyer for import, which are still not unloaded from the means of transportation at the agreed place.