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The international
commercial terms
❂ A set of rules for the interpretation of trade
terms,in a contract of sale
❂ ¨Published and regularly updated by the ICC inc.
International Chamber of Commerce
❂ To help parties to avoid misunderstandings,with
all the waste of time and money that this entails
Purpose of the Incoterms
Group D Arrival
DAF Delivered at Frontier (…named place)
DES Delivered Ex Ship (…named port of destination)
DEQ Delivered Ex Quay (…named port of destination)
DDU Delivered Duty Unpaid (…named place of destination)
DDP Delivered Duty Paid (…named place of destination)
A tool to understand the
division of costs
Passing of risks
from the seller to the buyer