1)      Incoterms are not used to transfer title of merchandise from sellers to buyers.

2)      Incoterms are only limited to the rights and responsibilities of sellers and buyers related to delivery of goods.

3)      Incoterms do not deal with unforeseeable events that are conditions beyond the sellers and buyers control (force majeure) for example, war; flood; and ‘act of God’. 

4)      Incoterms 2000 places export clearance obligation on the seller when “FAS….named port of shipment” is used and import clearance obligation on the buyer when “DEQ…named port of destination” is used.

5)      Incoterms 2000 “Free on Board…named port of shipment” is ONLY used for sea transportation in international transactions.

6)      Seller should always be prepared to take additional responsibility and not just make goods available at premises (EXW…named place) to remain competitive.

7)      Include reference to Incoterms 2000 (example, FOB Port of Oakland-Incoterms 2000) whenever you use Incoterms 2000 to avoid misunderstanding.

8)      Incoterms FAS, FOB, CFR, CIF, are used for sea transportation. Goods may be resold by the buyer before reaching destination.

9)      When Incoterms 2000 are used remember to consider trading practices and special Customs requirements in both the sellers and buyers country.

10)   When using any of the Incoterms 2000 buyer is advised to arrange for inspection before the goods are handed to the carrier if there is any doubt on the quality of the product or reliability of the seller (Pre-shipment Inspection).

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