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Incoterms® Reference (2000 / 2010 / 2020)

Complete list with responsibilities, risk transfer points and short examples. Click “More Info” for full details.

Term Full form Mode Version Summary More Info
Evolution of Incoterms® Rules
🔹 From Incoterms® 2000 → 2010
  • Number of terms reduced from 13 to 11.
  • Removed: DAF, DES, DEQ, DDU.
  • Added: DAT (Delivered at Terminal) and DAP (Delivered at Place).
  • Introduced electronic documentation acceptance.
  • Clear grouping by mode: “Any” vs “Sea & Inland Waterway”.
  • Defined delivery = transfer of risk more clearly.
  • Added security clearance obligations for trade compliance.
🔹 From Incoterms® 2010 → 2020
  • DAT replaced by DPU (Delivered at Place Unloaded).
  • CIP now requires “All Risks” insurance; CIF keeps minimal coverage.
  • FCA updated to allow “on-board Bill of Lading” for letter of credit use.
  • Recognized use of own transport by buyer or seller.
  • Clearer presentation with cost tables & risk allocation.
  • Emphasis on security, transparency, and responsibility clarity.
🔹 Summary of Transitions
Version # of Terms Added / Replaced Removed / Renamed Highlights
2000 13 Classic terms like DAF, DES, DEQ, DDU used widely
2010 11 + DAT, + DAP − DAF, − DES, − DEQ, − DDU Improved clarity for multimodal and containerized freight
2020 11 DAT → DPU Insurance, on-board B/L, own transport, better cost breakdowns
Note: Incoterms® are maintained by the International Chamber of Commerce (ICC). For complete, authoritative definitions, refer to the official publication Incoterms® 2020 PDF Guide.

Disclaimer: This page provides simplified guidance for planning and reference only. It is not legal advice. For authoritative definitions refer to the ICC Incoterms® publications.

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