Visual display of inco-terms.
3 likes2,313 views
The document summarizes INCOTERMS 2010, a set of international commercial terms published by the International Chamber of Commerce that define responsibilities of buyers and sellers for the delivery of goods under sales contracts. It consists of 11 terms that specify at what point the responsibility of the seller ends and the buyer's begins, in regards to payment of costs such as transportation and insurance. Each term is represented by a 3 letter abbreviation like EXW, FCA, CIF, etc. The document was compiled by Fahad Ahmed, an MBA student interning at the Supply Chain department of the Institute of Business Management in Pakistan, and advised by department head Moin-ud-Din Ali Khan.
Visual display of inco-terms.
- 2. INCOTERMS 2010 The Inco terms rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) that are widely used in International Commercial transactions or procurement processes. A series of three- letter trade terms related to common contractual sales practices, the Inco terms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.
- 5. Free Alongside Ship (FAS)
- 6. Free On Board (FOB)
- 7. Cost and Freight (CFR)
- 8. Carriage Paid To (CPT)
- 9. Cost, Insurance and Freight (CIF)
- 10. Carriage and Insurance Paid To (CIP)
- 12. Delivered Ex Quay (DEQ)
- 13. Delivered at Frontier (DAF)
- 14. Delivered Duty Paid (DDP)
- 15. Delivered Duty Unpaid (DDU)
- 16. Compiled by: FAHAD AHMED MBA Finance and Supply Chain Management, IoBM. Internee at Supply Chain and Logistics Department at IoBM. Former Internee of 3M Pakistan. Junior SAP trainer. Advisor: Moin-ud-Din Ali Khan Head of Supply Chain and Logistics Department.
- 17. REFERENCES http://www.google.com/imgres?biw=1366&bih=624&tbm=isch&tbnid=Zlm5wP5N7jvO7M:&imgrefurl=ht tp://www.ablelogistics.de/1_group_e.html&docid=9Gp8qud0XZ0zKM&imgurl=http://www.ablelogistics.d e/Assets/grafic/EXWORKS.jpg&w=440&h=266&ei=zT6sUcK3HYSstAaVkIGYCA&zoom=1&ved=1t:35 88,r:1,s:0,i:83&iact=rc&dur=491&page=1&tbnh=174&tbnw=289&start=0&ndsp=10&tx=98&ty=77 http://www.google.com/imgres?biw=1366&bih=624&tbm=isch&tbnid=Ok4VYfViNaju5M:&imgrefurl=htt p://www.amlinkint.com/English/resources/trade-term- exw.html&docid=zDte8GXWEfnn5M&imgurl=http://www.amlinkint.com/English/resources/images/exw- flow.jpg&w=508&h=297&ei=zT6sUcK3HYSstAaVkIGYCA&zoom=1&ved=1t:3588,r:6,s:0,i:98&iact=rc &dur=283&page=1&tbnh=153&tbnw=262&start=0&ndsp=10&tx=142&ty=46 http://www.google.com/imgres?biw=1366&bih=624&tbm=isch&tbnid=xCL4JcRz4vwbiM:&imgrefurl=http: //www.sealandinfo.com/%3Fq%3Dnode/310&docid=52BPt4kKeG1YsM&imgurl=http://www.sealandinfo.c om/userfiles/file/exw.jpg&w=1096&h=447&ei=zT6sUcK3HYSstAaVkIGYCA&zoom=1&ved=1t:3588,r:5,s:0,i: 95&iact=rc&dur=846&page=1&tbnh=124&tbnw=306&start=0&ndsp=10&tx=135&ty=49