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Inco Terms Contd: DAT Incoterms

DAT

5.DAT Incoterms – Delivered at Terminal (named terminal at port or place of destination)
In this system (new in Incoterms 2010) the seller pays for carriage to the arrival terminal, (excluding import clearance). Up to the point that goods are unloaded at the terminal, the risk remains with the seller.

DAP6.DAP Incoterms – Delivered at Place (named place of destination)
Also new in Incoterms 2010, this is identical to DAT, except that the seller remains responsible for cost and risk (exc. import clearance) right up to the point that the goods are ready for unloading by buyer at his chosen destination.

 

DDP

7.DDP Incoterms – Delivered Duty Paid (named place of destination)
This is the polar opposite to EXW: here the seller assumes all costs, risks and obligations, including import duties, taxes, clearance fees etc., right up to the destination point, where the buyer is then responsible for unloading the shipment.
(You may also come across the unofficial phrase “Free In Store” – FIS – for this term).

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