When you make an inquiry with a supplier, you will find that the supplier's quotation usually contains 3 sets of information, namely the MOQ, incoterms and product unit price.
When importing from China, you need to research incoterms that are more favorable to your needs and costs.
So we make this Incoterms Explained video to tell you what are incoterms and how to choose an incoterms.
We will introduce the commonly used Incoterms: FOB, EXW, DDP, CIF, ... ...
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Timestamps:
0:51 What are Incoterms?
2:20 Which incoterms are most commonly used?
3:20 Incoterm FOB - Free On Board
4:40 Incoterm EXW - Ex-works
5:59 Incoterm CIF - Cost, Insurance and Freight
7:15 Incoterm DDP - Delivered Duty Paid
8:18 Incoterm DDU - Delivered Duty Unpaid
9:10 Summing-up
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Additional Sourcing Resource:
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#incotermsexplained #incoterms2021 #tradetermsalibaba
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