Incoterms Explained Simply: A Beginner’s Guide to International Shipping Terms

Описание: Unlock the complexities of international trade with our beginner-friendly guide to Incoterms! Whether you're a seasoned exporter, an importer, or just starting out, understanding Incoterms is crucial for smooth and cost-effective global transactions.

In this video, we break down the 11 Incoterms 2020 rules in simple terms, covering:
EXW (Ex Works): Seller's minimum responsibility
FOB (Free on Board): Risk transfer at the port
CIF (Cost, Insurance & Freight): Seller covers insurance and freight
DAP (Delivered at Place): Seller delivers to a specified destination
DDP (Delivered Duty Paid): Seller handles all costs and risks

We also delve into the differences between terms like CFR vs. CIF, FCA vs. FOB, and more, helping you choose the right Incoterm for your shipments.

Understanding these terms can save you time, money, and potential legal issues in your international transactions.

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