INCOTERMS, contraction of International Commercial Terms, is the set of terms used in the field of international transactions of goods worldwide, which unequivocally defines the rights, duties, charges and costs of the various parties involved in a transfer of goods among different countries.
The latest version, updated by the International Chamber of Commerce, is that of 2010 that reduces delivery times from thirteen to eleven, with the suppression of DEQ, DDU, DES and DAF and the creation of two new ones, among which it is to highlight the importance of the DAT (Delivered At Terminal) which takes into account as delivery place the Terminal, a term currently widely used mainly for goods in containers.
The complete list of Incoterms 2010 and their grouping:
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