MARKET 1 Lecture Notes - Lecture 10: Incoterms, Fob (Shipping)
Document Summary
Important changes between incoterms 2000 & 2010: 11 rules rather than 13, rules split into 2 distinct classes, relating to mode of transport used, all modes of transport including multimodal, sea and inland waterway transport only. Incoterms 2010 acknowledge the existence of string sales : more user friendly and reflect modern trade language (e. g. electronic and paper communications have the save status) Seller makes the goods available to the buyer at the seller"s named place of delivery . Greatest responsibility for the buyer, minimum obligations for the seller. Seller clears the goods for export and delivers them to the carrier specified by the buyer at the. Seller clears the goods for export and places them alongside the ship (on dock or barge) at the. Seller clears the goods for export and delivers them on board the named vessel at the named port of shipment .
