Incoterms Explained | A complete guide for beginners. EXW/FCA/CPT/CIP/DAP/DPU/FAS/FOB/CFR

Incoterms, short for International Commercial Terms, were first introduced to global trade in 1936 to grease the wheels of commerce. They do so by stipulating where sellers hand over risk, responsibility and cost of fulfilling a shipment to their buyers.
Incoterms are revised every ten years and the ICC (International Chamber of Commerce) has recently published the 2020 version which comes into force on the 1st of January 2020.
In this video we take a look at the 11 International Commerce terms and how you can use them to your advantage when negotiating international deals.
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[@luminitamarianabob1759]

Thank you so much for sharing! Very informative! 😊

[@ImportExportLicenseCoZa]

You are so welcome!

[@dickydoren4835]

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