What is Best Incoterm for Export By Air ? | Explained about INCOTERMS CPT, CIP DDP

What is Best Incoterm for Export By Air ? | Explained about INCOTERMS CPT, CIP DDP

In international trade, choosing the right Incoterm is crucial for determining the responsibilities and risks between buyers and sellers during the transportation of goods. When it comes to exporting goods by air, there are several Incoterms to consider, but three stand out as commonly used options: CPT (Carriage Paid To), CIP (Carriage and Insurance Paid To), and DDP (Delivered Duty Paid).

In this video, we will explain these three Incoterms in detail and help you understand which one might be the best choice for your export by air transactions.

1. CPT (Carriage Paid To): With CPT, the seller takes responsibility for the delivery of goods to the agreed-upon airport of departure. The seller is responsible for the costs and risks associated with the transportation of goods to that point. However, once the goods are delivered to the airport, the buyer assumes the responsibility and any further costs and risks.

2. CIP (Carriage and Insurance Paid To): Similar to CPT, CIP also places the responsibility for transportation on the seller. Additionally, the seller is responsible for obtaining insurance coverage against the buyer's risk of loss or damage to the goods during transit. The seller's obligation ends once the goods are delivered to the airport, and the buyer takes over from there.

3. DDP (Delivered Duty Paid): DDP represents the most comprehensive level of responsibility for the seller. In this Incoterm, the seller takes care of all costs, risks, and responsibilities involved in transporting the goods to the buyer's designated location. This includes not only transportation costs but also customs clearance, import duties, and taxes. The buyer has minimal obligations and bears no risks or costs beyond taking delivery of the goods.

It's important to note that each Incoterm has its advantages and considerations. When choosing the best Incoterm for exporting goods by air, factors such as the nature of the goods, the value, and the relationship between the buyer and seller should be taken into account.

Watch this video to gain a comprehensive understanding of these Incoterms and make an informed decision when exporting goods by air. Don't forget to like, comment, and subscribe for more valuable content on international trade and logistics.

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[emperorcorp]

sir aap ab case studies ki series chalu kijiye un exporters ki jinhone bahut badi galtiya ki, kyunki safal exporters ki kahani se log motivate honge leking galti karne wale exporters se dusre exporters sikhenge aur us galti se bachenge!!

[sohelshaikh]

Sir, kya onion aur green chilli fixed price me export hote hai ??

[hemangikarpe]

Very nice video sir.
Sir which incoterm is best or beneficial for pharmaceutical export

[dikujjalghosh]

Thank you so much sir for your great information. #LetGoGlobal

[emperorcorp]

sir cpt aur cip me buyer ke airport pr custom clearance buyer karwayega ya exporter?

[ansarijunaidrahman]

Sir Plane se Chemicals Export ho sakta hai

[Seamiracle]

Sir, shell fish(green musseles) thailand to kerala import karnekeliye hoyegha

[siddharajsinh_Gohil]

Sir cpt me goods kharab ho gaya or buyer ne insurance nahi liya tab kya kare..?? Loss ho jayega na..!

[manandesai]

Sir ddu incoterm use kar sakhte he small order k liye ?

[ViralVision]

1) Can We sale export material in Free Zone to All Aweer market in Dubai
2) Also Can we same sale in Other Departmental store in Dubai or UAE

[sumitpandey]

hello sir namaskaar mai chemical export karna chahta hu as a merchent exporter kya kya liscence lene padenge

[durjoyhoor]

Sir ek video baniya How to take EXPORT QUOTA PERMIT

[Rishisinghbedi]

Sir Rice export karna ke liye documents

[sanghamitrasawant]

Sir mujhe bhi export krna hai par kya mai 1st shipment aap ke sath me kr sakta hu

[sumitpandey]

Hello sir
Mai chemical export karna chahta hu as merchent exporter Mai agar
ISO
KOSHER
USFDA
certification as a compliance certificate banata hu to kya buyer mujhse maal Lena chahega ya nahi

[shyamalghoshal]

Sir I am from Kolkata sir my name is Subrata ghoshal sir mea export business ka practical class apsa sikna chata huu sir can I join classes in Kolkata sir mujhe ek successful expotar banna chata huuu

[Seamiracle]

Sir, shell fish(green musseles) thailand to kerala import karnekeliye hoyegha