1. Introduction.

Question 1

1.1. How to use the Incoterms 2010 rules?

Answer 1

1. Add: “The chosen Incoterms rule including the named place, followed by Incoterms 2010”
2. Choose appropriate rule to the goods, means of transport, additional obligations (exmple. obligation to organise carriage or insurance).
3. Specify port or place precisely.

EXMPL. “FCA 38 Cours Albert 1er, Paris, France Incoterms® 2010”

Question 2

1.2. What Incoterms rules do not say?

Answer 2

1. Price to be paid.
2. Method of payment.
3. Transfer of ownership of the goods.
4. Consequences of a contract breach.

Parties should be aware that mandatory local law may override any aspect of the sale contract, including the chosen Incoterm rule.

Question 3

1.3. Carrier?

Answer 3

The party with whom carriage is contracted.

Question 4

1.4. Customs facilities?

Answer 4

Requirements to be met in order to comply with any applicable customs regulations. Include:

• Documentary;
• Security;
• Information;
• Physical Inspection Obligation.

Question 5

1.5. Delivery?

Answer 5

Indicator of the risk of loss and damage to the goods passes from the seller to the buyer.

Question 6

1.6. Delivery document?

Answer 6

A document used to prove that delivery have occured.
Delivery document may be part of the mechanism of payment.

(Except EXW, FCA, FAS and FOB where the delivery doc. may be a receipt)

Question 7

1.7 Packaging?

Answer 7

1. The packaging of the goods to comply with any requirements under the contract of sale.
2. The packaging of the goods so that they are fit for transportation.
3. The stowage of the packaged goods within a container or other means of transport.