Launched by the International Chamber of Commerce (ICC) as the first revision to the system in a decade, Incoterms 2010 came into force on 1 January 2011.

Incoterms continue to enable traders to make clear who is responsible for the goods at each point of the transport process in buyer or seller contracts.

The new Incoterms reflect traders’ increased obligations to cargo security rules, new means of container transport, and take updates to the United States’ Uniform Commercial Code into account.

Incoterms 2010 also contain extra guidance for traders, including help with choosing electronic procedures, ways to deal with the new laws on security clearances for shipments and updated methods of dealing with insurance, as well as increased usability for domestic moving of goods.

Incoterms is now separated into two groups, those applicable to all modes of transport and those only applicable to sea and inland waterway transport.

There are now a total of 11 terms instead of 13, with 2 new additions, DAP and DAT and 4 deletions, DAF, DDU, DEQ and DES.

Incoterms 2010 applicable for all modes of transport:
EXW : ex works
FCA : free carrier
CPT : carriage paid to
CIP : carriage and insurance paid to
DAT : delivered at terminal – NEW!
DAP : delivered at place – NEW!
DDP : delivered duty paid

Incoterms 2010 only applicable for sea and inland waterway transport:
FAS : free alongside ship
FOB : free on board
CFR : cost and freight
CIF : cost, insurance and freight