(1) Trade terms are divided into two categories
Trade terms are divided from the original four groups of EFCD into two categories: applicable to various modes of transport and water transport
. Seven terms applicable to various modes of transport: EXW, FCA, CPT, CIP, DAT, DAP, DDP.
. Four terms applicable to water transport: FAS, FOB, CFR, CIF.
(2) The number of trade terms is revised from 13 to 11
The 2010 Incoterms deleted four terms from the 2000 Incoterms: DAF (Delivered at Frontier), DES (Delivered Ex Ship), DEQ (Delivered Ex Quay), and DDU (Delivered Duty Unpaid). Two new terms have been added: DAT (delivered at terminal) means delivery at the designated destination or port of destination, and DAP (delivered at place) means delivery at the designated destination.
That is, DAP replaces the three terms DAF, DES and DDU, and DAT replaces DEQ, and is extended to apply to all modes of transport.
(3) The boundary is changed from “ship’s rail” to “loaded on board”.
The 2010 Incoterms emphasize that under FOB, CFR and CIF, the risks of both buyers and sellers are determined when the goods are loaded on board at the port of shipment, and the provisions of the 2000 Incoterms that the boundary is “ship’s rail” have been deleted.
(4) The 2010 Incoterms apply to domestic and international trade
Taking into account the characteristics of trade within some large regional trade groups, the 2010 Incoterms apply to domestic and international trade contracts.
(5) Electronic documents are fully applicable
All along, electronic documents are usually only applicable to invoices. The 2010 General Rules give documents in electronic communication mode the same role as paper documents.