Incoterms Explained | Incoterms in Export and Import | Incoterms 2020 Benefits | What is Incoterms

Logistics Career Opportunities: https://youtu.be/GRxoKI5D_-8

Logistics Interview Question - Part-1 : https://youtu.be/FLlntYlrxjQ

Logistics Interview Question - Part-2 : https://youtu.be/sl_4uoNebmQ

What is Logistics & Logistics Management : https://youtu.be/ROUJSvhsjUg

Lead Time in Logistics : https://youtu.be/u5RCwW0vQn0

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Welcome to the new video of 10 Min of Supply Chain:

In this video, we're diving into the world of Incoterms, the essential terms that streamline global trade.

What are Incoterms? Why are they crucial? How do they work in real-world scenarios? We'll answer all these questions and provide practical examples of each of the 11 Incoterms. Whether you're new to international trade or need a refresher, this video is for you!

???? Video Chapters:
0:00 - Introduction to Incoterms
0:39 - Why Incoterms are Used
1:21 - Incoterms for Any Mode of Transport
1:42 - EXW (Ex Works) Example
2:15 - FCA (Free Carrier) Example
2:48 - CPT (Carriage Paid To) Example
3:13 - CIP (Carriage and Insurance Paid To) Example
3:43 - DAP (Delivered at Place) Example
4:12 - DPU (Delivered at Place Unloaded) Example
4:43 - DDP (Delivered Duty Paid) Example
5:12 - Incoterms for Sea and Inland Waterway Transport
5:12 - FAS (Free Alongside Ship) Example
5:43 - FOB (Free On Board) Example
6:09 - CFR (Cost and Freight) Example
6:36 - CIF (Cost, Insurance, and Freight) Example
7:08 - ALL Incoterms
7:11 - Other Logistics Video informations

???? Key Takeaways:

Clarity & Precision: Understand the roles and responsibilities of buyers and sellers.

Risk Management: Learn how risk transfers at different points in the shipping process.

Efficiency: Discover how Incoterms facilitate smoother international transactions.

Legal Protection: Reduce the risk of legal complications and disputes.

???? Examples Covered:

EXW (Ex Works): German machinery sold to the USA.
FCA (Free Carrier): French wine shipped to Japan.
CPT (Carriage Paid To): Vietnamese garments transported to the UK.
CIP (Carriage and Insurance Paid To): Chinese toys delivered to Canada.
DAP (Delivered at Place): Italian furniture delivered to Brazil.
DPU (Delivered at Place Unloaded): Japanese printers unloaded in Australia.
DDP (Delivered Duty Paid): Korean cosmetics delivered to the UK.
FAS (Free Alongside Ship): Argentine grain shipped to Spain.
FOB (Free On Board): Thai electronics shipped to South Africa.
CFR (Cost and Freight): Norwegian salmon shipped to the USA.
CIF (Cost, Insurance, and Freight): Japanese cars shipped to Chile.

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#supplychain #supplychainmanagement #Incoterms #InternationalTrade #GlobalShipping #Logistics #TradeTerms
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Also Watch: Lean Logistics : https://youtu.be/UnNPdXImmZY

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