Incoterms 2020 Explained [Complete Guide]

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  • Опубликовано: 11 июл 2024
  • Want to learn about Incoterms 2020? This video is for you.
    In this video, I’ll Explain Incoterms 2020 with examples
    It’s no secret that Right Incoterm is essential for your Export Import Business. The problem is most people choose the WRONG Incoterm.
    That's why I decided to create a video that Explains all 11 Incoterms 2020 with examples.
    Here’s a quick preview of what you’ll learn.
    What are Incoterms? And Who Made Them?
    Why Do We Use Incoterms?
    How to use Incoterms?
    Next, you’ll learn everything you need to know about 11 Incoterms 2020
    00:00 Intro
    00:18 What are Incoterms?
    00:37 Why Do We Use Incoterms?
    00:53 How to use Incoterms?
    01:08 Types Of Incoterms
    01:54 EXW (Ex-Works)
    02:36 FCA (Free Carrier)
    03:38 CPT (Carriage Paid To)
    04:24 CIP (Carriage and Insurance Paid to)
    04:53 DAP (Delivered at place)
    05:32 DPU (Delivered at Place Unloaded)
    06:14 DDP (Delivery Duty Paid)
    07:04 FAS (Free Alongside Ship)
    07:51 FOB (Free On Board)
    08:36 CFR (Cost and Freight)
    09:20 CIF (Cost, Insurance, Freight)
    10:08 Best Incoterm for New Exporters?
    10:30 Outro
    So yeah, by the end of this video you should know exactly how to find the right Incoterm for your Export Import Or shipping Business. Enjoy!
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    Disclaimer This video is for educational purposes only.
    Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterms® Rules may be obtained from the ICC website iccwbo.org.

Комментарии • 82

  • @aaronsilo4878
    @aaronsilo4878 Месяц назад +2

    Confidence enough to enter in exam room with this information

  • @maestro8796
    @maestro8796 10 месяцев назад +1

    As I am doing an apprenticeship in a transport company, this is very useful for me. Thank you!

  • @parkerglobe
    @parkerglobe 10 месяцев назад +8

    Very well explained! I am currently enrolled in a supply chain and logistics course. Thank you so much!

  • @bukenyabashir-wf8dx
    @bukenyabashir-wf8dx 3 месяца назад

    Great work!!! Much appreciation

  • @namelessari5310
    @namelessari5310 Год назад +2

    the best video on this platform about incoterms, thank you!

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello nameless
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @harishtekwani5226
    @harishtekwani5226 2 года назад +3

    Best Video About Incoterms Information
    Thank you sir

  • @IgorAlves-np8zd
    @IgorAlves-np8zd Месяц назад

    very useful content. ty

  • @anilhalder4955
    @anilhalder4955 2 года назад

    Good explained

  • @wentimo6319
    @wentimo6319 Год назад +1

    Helps a lot. Nice video!

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @jaffakundera
    @jaffakundera 9 месяцев назад +1

    thanks a lot it"s so well explained !!

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @HaoHungBinh
    @HaoHungBinh Месяц назад

    Very well I like

  • @foxyrenjunie7561
    @foxyrenjunie7561 2 года назад +21

    I’m an international trade and logistics junior and her video give very clear explanation & help me a lot for quick reviews✨❣️ GLAD I discovered this channel

    • @ImportExportUSA
      @ImportExportUSA  Год назад +1

      Glad it was helpful!

    • @alisalman254
      @alisalman254 Год назад +1

      we are also freight forwarder

    • @funnybanglakids9943
      @funnybanglakids9943 Год назад

      J

    • @lindaha-eb8jj
      @lindaha-eb8jj Год назад

      Can you do export trade? purchase some goods in USA and ship to China, we give the money

    • @jameshong2203
      @jameshong2203 Год назад

      @@lindaha-eb8jjpls contact me, an international forwarder with 7-year experience at your disposal

  • @priow1239
    @priow1239 6 месяцев назад

    Amazing

  • @anandkumarchillalemylar109
    @anandkumarchillalemylar109 Год назад +6

    Nicely explained with two separate charts - One for Sea transport and the other for Air transport.

    • @lv9246
      @lv9246 Год назад +1

      No. One for waterway transport and one for any modes of transport.

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @arshamem
    @arshamem Год назад +6

    Finally, I've understood all the incoterms and now these terms are crystal clear to me. Thanks a lot!

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @Jonesybabie
    @Jonesybabie 8 месяцев назад +1

    Oh this was magical information 🤗

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @darrelllancaster9554
    @darrelllancaster9554 7 месяцев назад +1

    Well done. 🎯

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @supplyia
    @supplyia 2 года назад +1

    Good job. I love your video

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

    • @supplyia
      @supplyia 4 месяца назад

      sorry, we may not@@kripaljadeja751

  • @aaum1593
    @aaum1593 2 года назад

    Good explanation...

  • @yifengwan
    @yifengwan 3 месяца назад

    Depends on buyer request. The best for Seller is Ex-W. For me CIF, FOB, and DPU.

  • @orkidgarden6725
    @orkidgarden6725 2 года назад +1

    Waiting for your next video

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад +1

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @skyqueenlogistics
    @skyqueenlogistics 4 месяца назад

    i like it

  • @giyuchris
    @giyuchris Год назад

    For air freight I'm feeling inclined to ask for CPT terms rather than FCA. I'm brand new in the world of international trade. Is CPT not recommended? Why or why not? Thanks!

  • @amirdarvishazad5371
    @amirdarvishazad5371 2 месяца назад

    Hi. Where can I download the chart you described here?

  • @emilia9501
    @emilia9501 2 месяца назад

    Hello is it any chance I could download these schemas so I could print for my team? It’s so helpful explained

  • @shaileshaynipullyb
    @shaileshaynipullyb 2 года назад

    Nice

  • @sunilkumar-mr6bo
    @sunilkumar-mr6bo 2 года назад +1

    Hi dear we exporter,.super explain😊

  • @SueSchroer
    @SueSchroer 2 месяца назад

    I would love to have a copy of that chart.

  • @NoleneGreeff
    @NoleneGreeff Год назад +1

    FOB thank you

  • @AliHassan-xq2xp
    @AliHassan-xq2xp 2 года назад

    Great come back after 3 years. And I'm waiting for your more videos but not pls again after years. Ok

    • @ImportExportUSA
      @ImportExportUSA  2 года назад

      Thanks for your support Ali We are working on more videos 😊

    • @amirdarvishazad5371
      @amirdarvishazad5371 2 месяца назад

      @@ImportExportUSA Hi , Nice job. Can i have a copy of the two completed charts?

  • @YasinNabi
    @YasinNabi 2 года назад +3

    a worth watching channel, very inspiring and thanks for sharing wonderful videos. Subbed and liked ! a fellow creator :))

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @hoangthainguyen2162
    @hoangthainguyen2162 Год назад

    What is the most common Incoterms 2020 rule used in recent years in the world? Why this rule is used widely in international trade? Can you answer me :((

  • @BaoNguyen-nk2ge
    @BaoNguyen-nk2ge Год назад

    can I contact with you to enrich my knowledge?

  • @yunqian3939
    @yunqian3939 7 месяцев назад +1

    Newbie to Incoterms. Why would you drew risks and costs of delivery to port/place & export clearance to seller if you said The buyer is responsible for transportation fee from seller’s place to buyer’s selected place. I thought all the risks and costs are free for seller once they handed the goods to carrier?

    • @kripaljadeja751
      @kripaljadeja751 5 месяцев назад

      Hello
      I am. Form India.i am a exporter . I a. Searching buyers .
      Are you importing goods from India or interested to import good

  • @panneerselvam4961
    @panneerselvam4961 5 месяцев назад

    EXW / FOB the best option

  • @khanabdullah4721
    @khanabdullah4721 Год назад +1

    I am don't talk english you help me my business is readymade garments but no bhaiya

  • @AIKA17R
    @AIKA17R Год назад

    Indonesian (corn,chili,rice,coconut,//)
    to be competitive in domestic and international markets
    namely the existence of related industries and supporting industries in the
    maize development. Related and supporting industries in
    This includes upstream and downstream industries which are related in
    increase in the added value of corn. Related industries seen from
    supplier of corn seeds, which in this case is a research and
    development of superior seeds while supporting industries
    seen from the companies that use corn as a
    main raw materials or additional raw materials
    a product.
    Competition, Structure and Strategy (Rivalry, Structure, and
    Firm Strategy)
    The market structure of corn in the market is an oligopoly, which
    It contains several sellers and many buyers.
    Submit a request from your offer.

  • @shabbirahmad5584
    @shabbirahmad5584 2 года назад

    CFR

  • @Amaan978
    @Amaan978 2 года назад +1

    hiii mam i am from india and i am searching for a buyer for my bussiness of wooden handicraft, wooden wares, wooden bowl , plates,spoons,and etc. where do i get a buyer for my bussiness plzz replyyy

  • @makcimenuka7904
    @makcimenuka7904 Год назад

    U are my favorite.

  • @basetsanamatshdiso2162
    @basetsanamatshdiso2162 2 года назад

    Exworks

  • @ezatzatak1470
    @ezatzatak1470 Год назад

    سلام خانم ، Hi

  • @hemantagarwal6022
    @hemantagarwal6022 2 года назад

    It should be Incoterms 2022. I think 2020 is by mistake.

    • @ImportExportUSA
      @ImportExportUSA  2 года назад +1

      Incoterms rules are updated every 10 years. The latest update was carried out in 2020.

  • @TheMohsin555
    @TheMohsin555 2 года назад

    May be FOB..

  • @onyekachiokezie6459
    @onyekachiokezie6459 Год назад

    Fob

    • @Abineshsams
      @Abineshsams Год назад

      Hi this is Abinesh Sekar, Exporter from India.. could you please give me your contact details