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Incoterms 2020 defines 11 rules, the same number as defined by Incoterms 2010. [7] One rule of the 2010 version ("Delivered at Terminal"; DAT) [8] was removed, and is replaced by a new rule ("Delivered at Place Unloaded"; DPU) in the 2020 rules.
Incoterms inform sales contract by defining respective obligations, costs, and risks involved in the delivery of goods from seller to buyer. Incoterms 2010, the 8th revision, refers to the newest collection of essential international commercial and trade terms with 11 rules. Incoterm 2010 was effective on and from January 1, 2011.
As with all Incoterms, FOB does not define the point at which ownership of the goods is transferred. The term FOB is also used in modern domestic shipping within North America to describe the point at which a seller is no longer responsible for shipping costs. Ownership of a cargo is independent of Incoterms, which relate to delivery and risk.
The term shipping terminal may apply to facilities where loading and unloading of people or goods takes place: Freight terminal , a processing node for freight, more specifically: Container terminal , a facility where cargo containers are transshipped between different transport vehicles, for onward transportation.
DAT, the IATA code for Datong Yungang Airport in Shanxi Province, China; DAT, the ICAO code for Canadian airline Lynx Air; DAT, the National Rail code for Datchet railway station in the county of Berkshire, UK; Delta Air Transport, former Belgian airline; Delivered at Terminal, a former Incoterms term whereby the seller pays all transport costs
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Freight transport, also referred to as freight forwarding, is the physical process of transporting commodities and merchandise goods and cargo. [1] The term shipping originally referred to transport by sea but in American English , it has been extended to refer to transport by land or air (International English: "carriage") as well.
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