Our Shanghai Buying office team would like to advise you of some changes in Incoterms which you may wish to apply to future shipments. The International Chamber of Commerce (ICC ) has published revisions to its international commercial terms, also known as Incoterms, that will go into effect from January 1, 2011.
The revised list from Incoterms 2010 contains a series of changes, such as a reduction in the number of terms to 11 from 13. The DAF, DES, DEQ, and DDU designations have been eliminated, while two new terms, Delivered at Terminal (DAT) & Delivered at Place (DAP), have been added. They attempt to better take into account the role cargo security and electronic data interchange now play in international trade.DAT (Delivered at Terminal): This incoterm replaces the previous DEQ (“Delivered ex quay”) DAP (Delivered at Place): This Incoterm will replace the DAF – (Delivered At Frontier), DES – (Delivered Ex Ship) & DDU – (Delivered Duty Unpaid).
This requires cargo information to be transmitted to the agency at least 24 hours before goods are loaded onto an ocean vessel for shipment into the US – for security purposes.
Let our freight forwarding partners help you with complicated shipping processes – other chain-of-custody information (CoC), chronological documentation or paper trails, showing the seizure, custody, control, transfer, analysis, and disposition of evidence, physical or electronic.