hpl - Incoterms

INCOTERMS GUIDE

Incoterms basic categories

The International Chamber of Commerce has taken approximately two years to review and revise the Incoterms. Now known as Incoterms 2000, these took effect on January 1, 2000.

The major revisions are summarized below.

Loading and unloading obligations under FCA

“Free Carrier” means the seller delivers the goods, cleared for export, to the carrier nominated by the buyer at the named place. The chosen place of delivery has a direct impact on the obligations of loading and unloading the goods at that place. If delivery occurs at the seller’s premises, the seller is responsible for loading. If delivery occurs at any other place, the seller is not responsible for unloading.

Customs clearance for FAS and DEQ

FAS now places the responsibility for clearing the goods for export on the seller, and DEQ now places the responsibility for clearing the goods for import on the buyer.