International commerce terms (Incoterms) 2010
and they were amended mainly due to the international practice of USA, as well as the fact that
borders have lost their significance in the international trade, for example, in the territory of the European Union.
Explanation of term groups:
DAT - Delivered At Terminal
DAP- Delivered At Place
Comparison of Incoterms 2000 and Incoterms 2010
When the parties include Incoterms conditions in the sales agreement, it is important to include a clear reference to currently applicable version of said terms..
|#||Terminu grupa||Incoterms 2000||Incoterms 2010|
Classification and division of Incoterms 2010 terms depending on the type of transport
Any type of transport
|1||EXW||No rūpnīcas (nodošanas vietas nosaukums)|
|2||FCA||Franko pārvadātājs (nodošanas vietas nosaukums)|
|3||CPT||Transportēšana apmaksāta līdz (galamērķa vietas nosaukums)|
|4||CIP||Transportēšana un apdrošināšana apmaksāta līdz (galamērķa vietas nosaukums)|
|5||DAT||Piegādāts līdz terminālam (galamērķa vietas vai ostas termināla nosaukums)|
|6||DAP||Piegādāts līdz vietai (galamērķa vietas nosaukums)|
|7||DDP||Piegādāts ar nodevas samaksu (galamērķa vietas nosaukums)|
Maritime and inland waterways transport
|1||FAS||Franko gar kuģa bortu (iekraušanas ostas nosaukums)|
|2||FOB||Franko uz kuģa klāja (iekraušanas ostas nosaukums)|
|3||CFR||Cena un frakts (galamērķa ostas nosaukums)|
|4||CIF||Cena, apdrošināšana un frakts (galamērķa ostas nosaukums)|
Effectiveness of the new version of Incoterms 2010 will not affect liabilities undertaken by the parties according to previous versions of Incoterms. We note that provisions of Incoterms are not a generally binding legal act, but rather a set of commercial practice, binding on parties only if they have included a reference to an applicable version and certain term of Incoterms in their product sales agreement. As of 1 January 2011, if an agreement does not contain a reference to any of previous Incoterms versions, it will be deemed that the reference pertains to Incoterms 2010./p>
Proves delivery of goods to the ship
Confirms transport agreement
It is a document confirming the handling of goods
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Usually several original copies of the bill of lading are issued and it is very important for the purchaser or the bank which acts according its instructions when making the payment, to ensure delivery of all original copies to the purchaser (so called "full set'’). It is also a requirement included in the ICC Rules for Documentary Credits and ICC Uniform Customs and Practice, "UCP". Any entry in transport documents, indicating at goods not received in appropriate condition, renders that document "dirty" and unacceptable pursuant to UCP.
Authors of the page exclude any liability which may arise concerning the interpretation or application of the document provisions provided here.