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Incoterms
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0:52
YouTube
Fulfillrite
Incoterms explained in 51 seconds
Incoterms decide who does what when you're importing goods from another country. There's a bunch of different ones. Here's the common ones. Save this if you plan on freight shipping soon. Ex Works (EXW) - seller just makes the thing, you pick it up. Free On Board (FOB) - seller makes the thing, transports it to a port, you arrange pickup from ...
3.4K views
May 31, 2024
Incoterms Explained
Confused about Incoterms in International Trade? If you’re into import-export business, you’ve surely come across terms like FOB, CIF, EXW, DDP… but what do they actually mean? Incoterms (International Commercial Terms) are the rules that define buyer and seller responsibilities in global trade. Whether you’re exporting from India to UAE, importing goods into Canada, or managing cross-border logistics, knowing these terms can save you from costly mistakes, hidden charges, and shipping disputes.
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