We are launching the Incoterms 2010 website in order to bring Incoterms and their usage to a wider audience, to avoid errors in their current application and to ensure their correct usage in the future.
We endeavor to assist all those using them, following the success of our original website: Incoterms 2000.
Our first article opens with the announcement of the new Incoterms 2010. Specifically, the article details the creation of a new Incoterm: DAP.
This year, 2010, sees the development of the new Incoterms version, which will most likely be called Incoterms 2010.
The 13 current terms that constitute Incoterms 2000 will be reduced to 10 terms in Incoterms 2010; in other words, they will be simplified considerably.
Certain Incoterm expressions are being phased out, including the terms DAF (Delivered At Frontier) and DDU (Delivered Duty Unpaid).
- In my opinion, it is reasonable to reduce or simplify the Incoterms, especially when taking into account the fact that they are used incorrectly by the majority of operators; what’s more, the few that are used are almost always the same ones.
- This is the case with DAF, which is one of the least used terms. However, the elimination of a powerful Incoterm such as DDU is more difficult to explain. This elimination is explained by the creation of a new Incoterm: DAP (Delivered At Point). It replaces and strengthens DDU, making it more flexible and versatile.
Forthcoming publications from the International Chamber of Commerce (ICC) will detail the new Incoterms 2010 in greater depth.
I’ve taken this opportunity to elaborate on one of the key changes announced in the last article, but there are still more to come. These will be revealed in upcoming articles.