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                International Trade Terms;2.1 Three sets of rules;Warsaw-Oxford Rules 1932;Revised American Foreign Trade Definitions 1941;International Rules for the Interpretation of Trade Terms 2000 (Incoterms 2000);2.2 Basics of Incoterms 2000;2.2.1 Scope of Governance ;2.2.1 Scope of Governance ;2.2.2 Categorization of Terms;Incoterms 2000;11;2.2.3 Brief of IncotermsThe “E” term (EXW);EXW;The “F” terms (FCA, FAS, FOB) ;FCA  Free Carrier (…. Named place);FAS  Free Alongside Ship (…named port of shipment);FOB  Free on Board (… named port of shipment);The “C” terms (CFR, CIF, CPT, CIP);The “C” terms (CFR, CIF, CPT, CIP);CFR  Cost and Freight (… named port of destination) ;CIF  Cost, Insurance and Freight (… named port of destination);CPT  Carriage Paid to (… named place of destination);CIP  Carriage and Insurance Paid to (… named place of destination) ;The “D” terms (DAF, DES, DEQ, DDU, DDP);DAF  Delivered at Frontier (… named place);DES  Delivered ex Ship (… named port of destination);DEQ Delivered ex Quay (… named port of destination) ;Similar to CIP
Differences:
 Place of delivery
 DDU – inland place in the importing country  
 CIP – inland place in the exporting country
 Transfer of risks
 DDU – goods at the disposal of buyer 
CIP – goods at the disposal of the carrier 
Obligation and cost
DDU – seller responsible for all costs and risks before the completion of delivery 
CIP – seller only responsible for normal freight and min. insurance ;DDP – seller’s obligation max.: seller provides a “door-to-door” delivery and bears the entire risk of loss until the goods are placed in the buyer’s premises. 
Unlike DDU, sellers must also responsible for import customs clearance and other payments of domestic duties in the importing country
Applied unless the seller has the resources and capability to handle all the procedures.;
Trade Terms;Variation ;Important Note;2.3 Application issues;2.3 Application issues;2.3 Application issues;2.3 Application issues;2.3 Application issues;2.3 App
                
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