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07_33 - What are Incoterms(TBD)
07_33 - What are Incoterms(TBD)Business Management and Finance Courses » Udemy - International Logistics & Transportation in Supply Chain. 2023-5 |
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| 07 - International Commercial Terms INCOTERM in Export and Import Udemy - International Logistics & Transportation in Supply Chain. 2023-5 0 00:00,120 --> 00:01,770 Incoterms 2020. 1 00:01,800 --> 00:07,650 Now that we have learned about export and import and the different mode of transport involved in logistical 2 00:07,650 --> 00:10,560 movement of cargo in export and import. 3 00:10,770 --> 00:16,320 Now you may be wondering as logistics movement requires coordination and also comes with different types 4 00:16,320 --> 00:17,400 of cost and risk. 5 00:17,490 --> 00:23,790 So who is going to bear the risk and cost for the movement of goods from one country to another country? 6 00:24,000 --> 00:28,600 So we have an answer to all your doubts and the answer is Incoterms 2020 7 00:28,650 --> 00:32,640 known as International Commerce Terms 2020. 8 00:32,880 --> 00:39,540 And this terms are the set of rules which are published by the International Chamber of Commerce which 9 00:39,540 --> 00:45,360 is a international body who sets the rules for the countries involved in export and import. 10 00:45,750 --> 00:48,600 That is international trade and business of cargo. 11 00:48,600 --> 00:55,170 So to understand the responsibility and to avoid the disputes between the exporter and importer in case 12 00:55,170 --> 00:59,370 of a dispute of responsibility who will handle the ocean shipment?, 13 00:59,640 --> 01:00,900 Who will handle the trucking? 14 01:00,900 --> 01:02,570 This all are the duties, right? 15 01:02,580 --> 01:05,040 And all this duties have to be performed 16 01:05,040 --> 01:07,650 and this all services come with a cost. 17 01:07,650 --> 01:11,430 So incoterms 2020 is the answer to all this doubt. 18 01:11,460 --> 01:17,010 So we will discuss the 5 most commonly used incoterms in international trade which will give you a 19 01:17,010 --> 01:24,900 clear picture about incoterms 2020. And 95% of the time you will come across this 5 most important 20 01:24,900 --> 01:29,370 incoterms in your logistics, shipping and supply chain career. | ||||
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