I took the class about incoterm and ended up confuse at all and I found this helpful webinar. By the way, the the Trainer is on Fire the whole time which is great and helpful. 👏🏽
I feel the same way, I prefer being on control of my imports , that allows me avoiding critical mistakes as not always origins understand or give proper attention to the requirements prior releasing shipment; I had experience of having to return shipment due to ISP15 rules that were not respected, shipment which I wasn't notified and with discrepancy on the quantity, weight and register numbers of the containers, shipment that should come under license for temporary admission with tax suspension for example that were shipped via express mode which high tax rate is applied, so many reasons for choosing to coordanate the imports, despite of that, the transport cost with be paid buy the buyer anyway, if not directly via the freight forwarder or agent, it will be increased on the item on your invoice total 😉 Thank you so much for the video, after covid unfortunately I'm facing difficult memorizing the whole thing I knew before it.
DDP to Brazil for example is not possible to operate however if you decide to move with it and your shipment is held fir customer verification, you run a risk of having to pay over a month of an airport bonded warehouse cost.
Slide 8: Delivery = risk transfer ?? what about CPT / CIP / CFR /CIF eg CPT Moscow : delivery is at Moscow, risk transfer occurs at airport or seaport or terminal at departure??
Risk is transfered after handing over the goods the first time (for example to a forwarder). CPT Moscow would mean that you pay up to arrival at Moscow (airport), but risk will be transfered the first time you hand over the goods to a forwarder (usually). CIP is the same as CPT only with insurance up to the point were the seller pays for transport. CFR is similar as CPT, but here the risk is transfered specifically at the port of departure (loaded) and the seller pays up to the port of arrival (unloaded). CIF is again the same as CFR, but with insurance for the main transport (on board the ship). It is important to note that the named place for the C-Terms is the place of destination always and with that the place, up to which point the seller pays for transport. Risk is transfered at place of departure.
FOB (Free On Board) means that the cargo is delivered loaded onto the vessel by the seller (or the seller's agent). FAS (Free Alongside Ship) means that the goods are delivered alongside the vessel (at the quayside) but not loaded onto the vessel. The loading activity is undertaken at the buyers cost and risk under FAS.
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This is a 💎 and you know one when the speaker doesn't blink or think for a moment anywhere down the presentation.
Thanks Dan and your team, you guys are doing a great job. It is helping a lot to understand for my studies. Much better than my lectures....
I took the class about incoterm and ended up confuse at all and I found this helpful webinar. By the way, the the Trainer is on Fire the whole time which is great and helpful. 👏🏽
Thanks Dan! Although I watched it after 2 years of post, they are still fresh!
I feel the same way, I prefer being on control of my imports , that allows me avoiding critical mistakes as not always origins understand or give proper attention to the requirements prior releasing shipment; I had experience of having to return shipment due to ISP15 rules that were not respected, shipment which I wasn't notified and with discrepancy on the quantity, weight and register numbers of the containers, shipment that should come under license for temporary admission with tax suspension for example that were shipped via express mode which high tax rate is applied, so many reasons for choosing to coordanate the imports, despite of that, the transport cost with be paid buy the buyer anyway, if not directly via the freight forwarder or agent, it will be increased on the item on your invoice total 😉 Thank you so much for the video, after covid unfortunately I'm facing difficult memorizing the whole thing I knew before it.
Thanks for the passion for what you do. Presentation very much useful. Much appreciated
Great presentation..I am a professor of International Business for more than a decade
That was amazing, I truly feel like I owe you something now!! Thank you so much!!
Many thanks for this Excellent Presentation !!! Presenter knows his content by heart 🙏🙏🙏
Thanks for such an educational and insightful presentation.🙏
I am new to this industry and this is a pretty clear presetntation from my point of view worth watching!
I'm new to the industry, and this was a great help. Thank you
DDP to Brazil for example is not possible to operate however if you decide to move with it and your shipment is held fir customer verification, you run a risk of having to pay over a month of an airport bonded warehouse cost.
This tutorial has my life much easier. Thank you very much
to learn smth in foreign language always hard no I have to admit one thing this webinar is excellent
Thank you very much, I never know Incoterms before
I love it it is very easy thanks alot😍😍😍😍
Awesome videos. You are the best
This dude speaks Chinese. Incredible
Very good presentation. How can I get the slides
Great video, quiet helpful!
I have gain lot of knowledge
Thank you so much..
Slide 8: Delivery = risk transfer ??
what about CPT / CIP / CFR /CIF
eg CPT Moscow : delivery is at Moscow, risk transfer occurs at airport or seaport or terminal at departure??
Risk is transfered after handing over the goods the first time (for example to a forwarder).
CPT Moscow would mean that you pay up to arrival at Moscow (airport), but risk will be transfered the first time you hand over the goods to a forwarder (usually).
CIP is the same as CPT only with insurance up to the point were the seller pays for transport.
CFR is similar as CPT, but here the risk is transfered specifically at the port of departure (loaded) and the seller pays up to the port of arrival (unloaded).
CIF is again the same as CFR, but with insurance for the main transport (on board the ship).
It is important to note that the named place for the C-Terms is the place of destination always and with that the place, up to which point the seller pays for transport. Risk is transfered at place of departure.
What is the difference between FAS and FOB?
FOB (Free On Board) means that the cargo is delivered loaded onto the vessel by the seller (or the seller's agent). FAS (Free Alongside Ship) means that the goods are delivered alongside the vessel (at the quayside) but not loaded onto the vessel. The loading activity is undertaken at the buyers cost and risk under FAS.
Quayside I like that
thanks, very useful!
I stuck around :) ...
Thank you
Great presentation! How can I get slides.
Here is my email abdulaimohammed34@gmail.com