If you are involved in import export business, understanding Incoterms is extremely important.
Incoterms are international trade rules that define the responsibilities of buyers and sellers in global trade transactions.
These rules are published by the International Chamber of Commerce and are used worldwide.
In this video you will learn:
✔ What are Incoterms
✔ Why Incoterms are important
✔ Explanation of all 11 Incoterms
✔ Difference between EXW, FOB, CIF, DDP etc.
✔ Responsibilities of buyer and seller
✔ How to choose correct Incoterms
This video is useful for:
Exporters
• Importers
• Logistics professionals
• Freight forwarders
• Students learning international trade
If you want to learn practical knowledge about export import business, subscribe to the channel.
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