I think you made a mistake at 7:41, where you said that the term with the (LEAST) responsibility for the buyer is the E-term, or (EXW). The reality is that the E-term puts the maximum risk and obligation on the buyer, because the buyer will have to arrange for the loading of the goods on whatever transportation he arranged, clear the goods for export, and bear all the risk during transport. But overall, this was an amazing informative video. Thanks a lot.
I'm working with an overseas company to export my good. I need everything paid in full up front. Is there an Incoterm for that or how should it be stated?
I think you made a mistake at 7:41, where you said that the term with the (LEAST) responsibility for the buyer is the E-term, or (EXW). The reality is that the E-term puts the maximum risk and obligation on the buyer, because the buyer will have to arrange for the loading of the goods on whatever transportation he arranged, clear the goods for export, and bear all the risk during transport.
But overall, this was an amazing informative video. Thanks a lot.
That's correct, EXW has the maximum responsibility for the buyer.
Very helpful. Thank u.
thanks vital information in simplified way
It is so helpful. Thx a lot. Hoping i could fully understand all the aspects that are in incoterms
Very helpfull explanation, even for experts. Easier inputs impact on easier outputs.
Very informative, thank you so much!!
thank you.. :)
I get clear explanation about incoterms
Thanks A lot !!! very useful information !!!
Well explained! Thanks
I'm working with an overseas company to export my good. I need everything paid in full up front. Is there an Incoterm for that or how should it be stated?
Wow thank you very much !!
Awesome work man! Thanks
Very good explanation!
Thank u so much ,,, this was helpful
very helpful
Thank you
What about DDU?
+John Kang aka DAP Delivery At Place in the incoterms 2010
no FOB