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

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d.) Operations and Supply Chain Management
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e.) Manufacturing Planning and Control for Supply Chain Management :
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5. Case Study
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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.
#supplychain #supplychainmanagement #Incoterms #InternationalTrade #GlobalShipping #Logistics #TradeTerms
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[@redflower5784]

A simple and detailed explanation, thanks for sharing!

[@10minforsupplychain]

Thanks , Kindly share like and subscribe