Incoterms for beginners | Global Trade Explained

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Incoterms are international trade delivery terms that cover who is responsible for which part of the logistics process. Incoterms 2020 is the latest version and the one we'll be focusing on in this video, but we'll also be making some comparisons with Incoterms® 2000.

This is a very easy and simplified tutorial, so anyone with no prior trade experience can quickly learn the basics of Incoterms: EXW, FOB, CFR, CIF, DDU, and DDP / DAP. We will explain the meaning of each of these terms with graphics and examples.

📌 NAVIGATION:
0:00 - What are Incoterms?
0:39 - Incoterms Basics
1:24 - EXW (Ex Works)
1:48 - FOB (Free on Board)
2:31 - CFR & CIF (Cost & Freight, Cost Insurance Freight)
3:05 - DDP & DDU / DAP (Delivery Duty Paid / Delivered at Place)

#Incoterms #Incoterms2020 #internationalTrade #SupplyChain #Shipping #sourcing #amazonseller #Alibaba #FOB #customs #tax #duty

⚠️DISCLAIMER:
The information provided throughout this video is for educational and informational purposes only.
It does not substitute professional consultation of financial, legal or any other nature.
Although TEXIN LTD is a sourcing agent, all the content shared on this channel does not constitute a service provider – client relationship.

Anyone can freely comment on this video, but before you do please remember to abide by YouTube’s regulations.
Keep discussions courteous. Racism, personal attacks, hate speech, baiting, trolling, doxing, etc., of any kind are not permitted and may be removed.
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Find out more about which Incoterms to use!

TEXININDUSTRIES
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Visually the clearest explanation ever. Thank you

MindfulMoments
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This is the simplest and best way explanation of incoterms that I've seen. Thanks for sharing 👍🏻

pisces
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This is the simplest and best way explanation of incoterms

AbdullahMahmoods
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I was really wondering what these terms are. Best explanation here!

Piniuli
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Best version of incoterms for beginners! Thank you!

sinforfun
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Simple, objective and amazing presentation!

arturrizzato
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Best video ever! Thanks for the graphics and simple explanation! ❤

AlejandrioVasay
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The clearest video about incoterms ever!🤝

navyasudarshan
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Thanks I was reading through the list and the official customs sites offered very brief explanation only.

malcolmliang
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Literally the most helpful video on incoterms

sabrinacheam
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DDU : Shipper can arrange delivery + custom clearance ( consignee will pay it duty & taxes )
DDP : Shipper can arrange delivery+ custom clearance + Duty Taxes
It is opposite to EXW

Chinnaerr
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I have an interview for a logistics position tomorrow wish me luck 😢❤

FATMA__
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Perfect, very well explained many thanks!

Matt-dret
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Great video for Amazon entrepreneurs 💎

tacticvideo
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Very good video. I am happy that DDU can be still used

ajitjoshi
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Great video, thanks for the simple explanation.

IDC
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Well explained thank you love the short format

ismahansrod
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great video, really useful for my research!

PrazMike
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Very simple and understandable. Thank you

debbieOne
welcome to shbcf.ru