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Incoterms 2010: the newest revision of delivery terms

Bergami, Roberto (2012) Incoterms 2010: the newest revision of delivery terms. Acta Universitatis Bohemiae Meridionales, 15 (2). pp. 33-40. ISSN 1212-3285

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This paper considers the changes between the Incoterms 2000 and the Incoterms 2010 from a risk management perspective, and highlights the challenges that traders may encounter when dealing with some of these terms. For example, the problematic FOB term and its use in containerisation is not likely to have been totally resolved, although the Incoterms 2010 have attempted to ameliorate the situation. The new terms DAT (Delivered at Terminal) and DAP (Delivered at Place) should be useful for cross border transactions within Customs Union blocs, such as the European Union. The paper concludes that the new Incoterms 2010 provide improved definitions, and more effectively contextualise the use of old terms that are out of synch with today’s modern practices. However, if traders continue to cling to their old habits and fail to update their delivery terms and arrangements to reflect contemporary practices, much of the work and progress that the ICC has put into this change process will be lost.

Item Type: Article
Uncontrolled Keywords: ResPubID25992, risk management, DAT, delivered at terminal, DAP, delivered at place, cross border transactions, Customs Union blocs, European Union
Subjects: Current > FOR Classification > 1402 Applied Economics
Historical > Faculty/School/Research Centre/Department > School of International Business
Depositing User: Ms Phung.T Tran
Date Deposited: 09 Apr 2014 02:00
Last Modified: 18 May 2020 03:35
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