Mastering Incoterms 2020: Essential Shipping Terms Explained (EXW, FCA, CPT, CIP, DAP, DPU, DDP)

Hello, Global Trade Champions! Let’s grow together!

Whether you’re shipping a product from Seoul to São Paulo or importing the latest tech from Tokyo to Toronto, you need to know your Incoterms!

Welcome to another episode of ‘Trade Winds Today’ channel where we break down complex trade topics into bite-sized, easy-to-digest nuggets.

The Incoterms 2020 edition includes 11 terms, divided into two categories: those suitable for any mode of transport (EXW, FCA, CPT, CIP, DAP, DPU, DDP) and those specific to maritime transport (FAS, FOB, CFR, CIF). And today, we're diving into the 7 key Incoterms 2020 for any mode of transport.

You might be thinking, ‘Why should I care about these terms?’ Well, they define who’s responsible for shipping, who pays the costs, and who takes the risk—pretty important stuff, right?

I uploaded a video covering this topic in August, but this time I’ve upgraded it to make the key points even more helpful. Stick around, because I’m about to break down these 7 Incoterms in a way that’s fun, simple, and—most importantly—will save you both time and money.

You’re welcome to download the materials from this video as a PDF using the Google Drive link provided in this description or comments. Feel free to relax and watch the video first, then take your time to go through the PDF for a deeper understanding. If you have any questions after reading, please don’t hesitate to leave a comment—I’ll be more than happy to help and answer as best as I can!

https://drive.google.com/file/d/1-Ht0UCWetQIy82Edd1g8u1QRjOVEUNWK/view?usp=sharing
Mastering Incoterms 2020. Essential Shipping Terms Explained (EXW, FCA, CPT, CIP, DAP, DPU, DDP).pdf - Google Drive

Ready to become an Incoterms expert? Alright, let’s get started!

#internationaltrade #incoterms2020 #globallogistics

02:51 EXW (Ex Works)
04:26 FCA (Free Carrier)
05:53 CPT (Carriage Paid To)
08:29 CIP (Carriage and Insurance Paid To)
10:35 DAP (Delivered At Place)
12:11 DPU (Delivered At Place Unloaded)
13:45 DDP (Delivered Duty Paid)
15:41 Importance of Incoterms 2020 by A Fiction: The Coffee Chaos - A Tale of Incoterms
17:57 Conclusion and Takeaway

Видео Mastering Incoterms 2020: Essential Shipping Terms Explained (EXW, FCA, CPT, CIP, DAP, DPU, DDP) канала Trade Winds Today