Understanding and using INCOTERMS 2020

Put simply, Incoterms® are the selling terms that the buyer and seller of goods both agree to during international transactions. These rules are accepted by governments and legal authorities around the world. Understanding Incoterms® is a vital part of International Trade because they clearly state which tasks, costs and risks are associated with the buyer and the seller.

The Incoterm® states when the seller’s costs and risks are transferred onto the buyer. It’s also important to understand that not all rules apply in all cases. Some encompass any mode or modes of transport. Transport by all modes of transport (road, rail, air and sea) covers FCA, CPT, CIP, DAP, DPU (replaces DAT) and DDP. Sea/Inland waterway transport (Sea) covers FAS, FOB, CFR and CIF, which we explain below.

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[SelamGirmay-bgdl]

Please continue the video it is very important
Thank you so much

[ethiopianlogisticianscommunity]

How was the information related to INCOTERMS? put your comment below

[SelamGirmay-bgdl]

If can Please add like custom and shipping cost and how calculate the price