Incoterms complete detail in Urdu Hindi | International Commercial Terms
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- เผยแพร่เมื่อ 9 ก.ย. 2024
- International Commercial Trade Terms, or Incoterms for short, are selling terms buyers and sellers use so they can communicate which party is responsible for the tasks, costs, and risks associated with transferring the goods to the buyer when trading internationally. These are legally binding agreements published by the International Chamber of Commerce (ICC), and followed by virtually all countries.
EXW - Ex Works or Ex-Warehouse: The seller is responsible for packing the products and making the goods available. The cargo is transferred to the buyer while the freight is still at the seller’s site. The buyer is then responsible for exporting, shipping, and importing the cargo to their destination.
FCA - Free Carrier: The seller is responsible for transporting the cargo to a defined destination within the seller’s country, usually a shipping terminal. Once the load has arrived at the designated destination, the shipment transfers to the buyer, the buyer then must pay the freight charges and fulfill the importing and delivery process.
FAS - Free Alongside Ship: The seller must manage the full export process of the cargo until the goods are alongside the ship or other mode of transport. Once alongside the ship, the risk is transferred to the buyer. The buyer is responsible for loading the cargo onto their desired vessel and shipping the goods to their final destination.
FOB - Free On Board: The seller must manage the full export process of the cargo, and load the products on the ship. Once the cargo has been safely loaded, the products transfer to the buyer. The buyer must pay for the freight costs that transport the goods to their destination and is responsible for all import costs.
CFR - Cost and Freight: The seller is responsible for transporting the cargo to the buyer’s port. Once the goods have arrived at the port, the responsibility transfers to the buyer. The buyer then must unload the cargo and import the goods into the destination country, followed by importing and delivering to the final destination.
CIF - Cost, Insurance & Freight: The seller is responsible for the costs to ship and insure the cargo to the buyers requested port. Once the goods arrive at port, the responsibility of the goods transfers to the buyer. The buyer then must cover the costs to unload, import, and deliver their shipment. CIF requires the seller to purchase freight insurance.
CPT - Carriage Paid To: The seller must ship and unload the cargo from the vessel at the defined place of delivery. Once the goods are unloaded, the cargo transfers to the buyer, who is then responsible for importing and transporting the freight to the final destination.
CIP - Carriage & Insurance Paid:The seller must cover the costs to ship and insure the cargo to the defined place of delivery. The shipment transfers to the buyer after the cargo is unloaded and delivered to the terminal. After the goods are unloaded and delivered to the defined terminal, the shipment transfers to the buyer. The buyer must import and fulfill the remainder of the shipping process to move the goods to the final destination. CIP requires the seller to purchase freight insurance.
DAP - Delivered at Place: The seller must deliver the cargo to the final, defined destination. Once delivered the cargo transfers to the buyer. The buyer must unload the shipment from the truck. The buyer is also responsible for import duty, taxes, and customs clearance.
DPU - Delivered at Place Unloaded:The seller must deliver and unload the cargo to the final destination. Once the shipment is successfully unloaded at the buyer’s warehouse, the responsibility transfers to the buyer. The buyer is responsible for import duty, taxes, and customs clearance.
DDP - Delivered Duty Paid: The seller is responsible for delivering the cargo to the final destination, and paying the import duty, taxes, and customs clearance. Once the cargo arrives at the destination, the responsibility transfers to the buyer, who must cover the costs to unload the shipment. DDP is the only Incoterm that requires the seller to pay all duty charges.
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Dear explanation is good but more important is the way you made this video visual. We can understand by wathing the table whose responsibilities are what.
very very informative vedio sir thanks for doing this 🤗🤗👍👍
Best one on this topic.. well done appreciated
Thanks
Free Carrier does not necessarily include custom and port duties on Exporter. Instead, the Exporter's obligation is to take the goods to place where "Carrier" is parked. Carrier here is the transport / truck/container . Then on its the importer's responsibility to take this truck to the port. So , the delivery point in Free Carrier is the "Carrier".
informative and well explained
Well explained. 👍👏
any whatapp group.????
Informative
Well explained
well explained sir
DES was replaced by DAT and DAP. In DAT, the exporter's last obligation is to unload goods from ship at the Destination port. Whereas, in DAP, the exporter's obligation to unload at Destination port remains , and skipping the Custom duties and Port charges, exporter again is liable to load on carrier and transport it to the importer's warehouse. Correct me if i am wrong please.
Fantastic
Thanks 😊
Very nice demonstration, indeed. But one thing as shown in the picture is not clear. The Difference b/w 8-CIP & 9-DAP terms. Thanks
Try to watch on high quality mode. CIP is about the responsibility of carriage and insurance paid to. In DAP insert the named place of destination
First viewer
Sir agr sampal mangwana ho feedax se to konsi term use ho gi
Sir ye chat text me chaheye pdf me. Milsakta he pls
Kon c chat??
Why you not explain RISK????
Risk means?