Incoterms® 2020 Explained for Import Export Global Trade

Incoterms® 2020 have been updated, read and download the new Incoterms® chart here:
incodocs.com/b...
Incoterms® are Internationally recognized terms that are published by the International Chamber of Commerce (ICC). Buyer and sellers use Incoterms® to agree on the International sale and supply of goods in global trade transactions. Buyers and sellers must accurately understand how Incoterms® work and agree to sell goods based on 11 Incoterms®:
EXW - EX Works or EX Warehouse
FCA - Free to CArrier
FAS - Free Alongside Ship
FOB - Free On Board
CFR - Cost and Freight
CIF - Cost, Insurance and Freight
CPT - Carriage Paid To
CIP - Carriage and Insurance Paid to
DAP - Delivered At Place
DPU - Delivered at Place Unloaded (note DPU replaces the old Incoterm® 2010 DAT)
DDP - Delivered Duty Paid
The buyer and seller must agree to Incoterms® and display them correctly on sales contracts and documentation. Exporters and importers use IncoDocs.com to connect to create and share sales and shipping documentation required for global trade.
Use IncoDocs to confirm more orders and get products shipped Internationally. Try it free at incodocs.com/

[@gidiuskato7722]

Thank you so much. Am a Law student from Tanzania (University of Dodoma) pursuing international trade and finance Law.

[@Mirror-pi2cs]

Same here, procurement and logistics

[@bestvedios4971]

@@Mirror-pi2cs uo

[@saravanasri5544]

Hi brroi

[@Mirror-pi2cs]

@@saravanasri5544 hello

[@javiercalles6983]

Thank you I am formal student in Tijuana Mexico 🇲🇽 In trade law and customs this will help me in future class in the subject You won a new subscriber

[@manwhale3398]

Thank you! I'm a law student from the Philippines. It really helps.

[@sriramamurthy2112]

Very useful presentation on INCOTERMS 2020. Thank you for sharing.

[@sekharreddy1302]

Thanks mam from India..... very easily made understand....

[@elizama8500]

Thanks for explaining this! I’m a university student who’s major in business English :)

[@user-bz5fb3gd1n]

Belarus 2022 OAO Zabudova Xoldingovaya Kompaniya - wood products.... - wood chips... - wood pallets... - wood pellets... - building materials... - cargo transportation...

[@sachindramihindukula9208]

Fantastic.... really valuable for my study international trade

[@valentinebaloyi8548]

Thank you very much for informing me about this

[@VietNguyen-ib3pd]

The video sound is pretty good, beyond my imagination

[@user-sm2to8kb5b]

Thank you so much. ...great and easy explain

[@gergalex7514]

THE 10,000th LIKE IS MADE BY ME!

[@techman1229]

Thanks a lot. Four most used inco terms are Exworks, FOB, CFR & DDP.

[@annelisewarrington4938]

I would not recommend DDP at all especially if it goes cross border. The seller will struggle to do the import in the importing country if they are not registered with Customs in that country.

[@eSupplier-Sourcing]

Well explained, eSupplier offers Sea Freight Rate eBidding Platform

[@janninlarcab1577]

Part of the work as a broker

[@incredulofreeman8358]

Aaaaaand this is why im not even close to buying a much needed container of palm oil, so difficultz

[@elskimalatukengela1058]

Thanks you so much

[@jeffycharly]

Amazing resource

[@rosenkhonjera5061]

Useful. Thank you.

[@abhishekpandit9984]

Thanks

[@hoangthainguyen2162]

What is the most common Incoterms 2020 rule used in recent years in the world? Why this rule is used widely in international trade? Can you answer me :((

[@pearlveunicesepaya4157]

Hi can i have a copy of the incoterms table showed in the video?or where can i access for a clearer copy? Thanks

[@trident6547]

Link in the Inco Docs expanded view.

[@luide1976]

Thanks!!!

[@kamleshKumari-st6nm]

what is transfer of risk ? you've not explained it

[@ZakirHussain-jl5ot]

Good

[@hilwaamanamankiyar-pp5bf]

USMCA

[@marckzero5201]

I will not have it in Spanish

[@joykan7931]

Great 👍

[@carrotgame3133]

Antwerp only FOB , CFR not possible :)

[@shenmierobea3527]

really?

[@carrotgame3133]

@@shenmierobea3527 yes when you delivery goods at Antwerp to go then on boat it’s always fob Anvers ( Antwerp)

[@mohxinkhan]

You wrong its depend on buyer and seller understanding...

[@carrotgame3133]

@@mohxinkhan i speak when the goods go to antwerp to go on the boat. you can't deliver on the quay

[@carrotgame3133]

THC are always included in FRET

[@hilwaamanamankiyar-pp5bf]

DUTY

[@youtubeexpert388]

Hamza zaman copy whole content and upload vbc shame on you Hamza zaman