{"id":2328,"date":"2016-04-10T14:04:15","date_gmt":"2016-04-10T09:34:15","guid":{"rendered":"http:\/\/iransarie.com\/?p=2021"},"modified":"2023-02-07T12:53:35","modified_gmt":"2023-02-07T09:23:35","slug":"what-is-incoterms-2","status":"publish","type":"post","link":"https:\/\/iransarie.com\/en\/what-is-incoterms-2\/","title":{"rendered":"What is Incoterms?"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong><span class=\"has-inline-color has-vivid-red-color\">Incoterms (International Commercial Terms):<\/span><\/strong><\/h3>\n\n\n\n<p>The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). They are widely used in International commercial transactions or procurement processes. A series of three-letter trade terms related to common contractual sales practices,<\/p>\n\n\n\n<p>the Incoterms rules are intended primarily to clearly communicate the tasks, costs, and risks associated with the transportation and delivery of goods.<\/p>\n\n\n\n<p>The Incoterms rules are accepted by governments, legal authorities, and practitioners worldwide for the interpretation of most commonly used terms in international trade General Transport.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span class=\"has-inline-color has-luminous-vivid-amber-color\"><\/span><span class=\"has-inline-color has-luminous-vivid-amber-color\"><strong>Clearance of goods<\/strong><\/span><\/li>\n\n\n\n<li><strong><span class=\"has-inline-color has-luminous-vivid-amber-color\">Carrying goods<\/span><\/strong><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\"><strong>Import and export of goods<\/strong><\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\"><strong>Who is responsible for the payment<\/strong><\/mark><\/li>\n\n\n\n<li><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-luminous-vivid-amber-color\"><strong>And who is responsible for the risk of moving the goods at different stages of transportation.<\/strong><\/mark><\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" src=\"http:\/\/iransarie.com\/wp-content\/uploads\/2020\/09\/incoterms2000.jpg\" alt=\"\" class=\"wp-image-2024\" width=\"600\" height=\"671\" srcset=\"https:\/\/iransarie.com\/wp-content\/uploads\/2020\/09\/incoterms2000.jpg 940w, https:\/\/iransarie.com\/wp-content\/uploads\/2020\/09\/incoterms2000-269x300.jpg 269w, https:\/\/iransarie.com\/wp-content\/uploads\/2020\/09\/incoterms2000-917x1024.jpg 917w, https:\/\/iransarie.com\/wp-content\/uploads\/2020\/09\/incoterms2000-768x858.jpg 768w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/figure>\n<\/div>\n\n\n<p>First published in 1936, the Incoterms rules have been periodically updated, with the eighth version\u2014 Incoterms\u00ae 2010\u2014having been published on January 1, 2011. \u201cIncoterms\u201d is a registered trademark of the ICC. In some jurisdictions, the duty costs of the goods may be calculated against a specific Incoterm (for example in India, duty is calculated against the CIF value of the goods, and in South Africa the duty is calculated against the FOB value of the goods).<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-vivid-red-color\">Incoterms are divided into the following four groups with terms related to each group:<\/mark><\/h4>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">GroupEXW&nbsp;Ex Works (named place)<\/span><\/strong><\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">GroupFCA&nbsp;Free Carrier (named place of delivery)<\/span><\/strong><\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Group&nbsp;CPT&nbsp;Carriage Paid To (named place of destination)<\/span><\/strong><\/p>\n\n\n\n<p><strong><span class=\"has-inline-color has-vivid-cyan-blue-color\">Group&nbsp;DAP&nbsp;Delivered at Place (named place of destination)<\/span><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"http:\/\/iransarie.com\/en\/learn-more-about-incoterms\">\u00abLearn More About Incoterms\u00bb<\/a><\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Incoterms rules or International Commercial Terms are a series of pre-defined commercial terms published by the International Chamber of Commerce <\/p>\n","protected":false},"author":2,"featured_media":2300,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[62,65],"class_list":{"0":"post-2328","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-1","8":"tag-incoterms","9":"tag-transportation","11":"description-off"},"_links":{"self":[{"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/posts\/2328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/comments?post=2328"}],"version-history":[{"count":0,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/posts\/2328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/media\/2300"}],"wp:attachment":[{"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/media?parent=2328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/categories?post=2328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iransarie.com\/en\/wp-json\/wp\/v2\/tags?post=2328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}