Excellent training video. Perhaps the only video you could find that explains confusing set of half a dozen inco terms so simplified for a layman to easily understand. Kudos!
I've watch lot of videos explaining incoterms in youtube... but this video is the best and easiest to understand... thank you very much Iino San... may God repay all your kindness...
Thank you so much Iino san. I have just started a job in logistics and this video has been incredibly helpful as I had no idea what incoterms were before hand. Cannot thank you enough and cant wait to see your other vids.
Addition to EXW: the buyer is also responsible for Loading the goods onto the truck at the factory. In your video it looks like the seller loads it into the truck. Even though it happens a lot, it's important to understand it is actually the sellers responsibility/risk.
I would like to share what I have learned from the review center lang po about the INCOTERMS that you provided in this video. 1. EXW - the responsibility of the seller DOES NOT include the loading of the goods into the container. The ONLY responsibility of the seller here is to make the goods available at his place or warehouse. It is actually the ONLY INCOTERM wherein the buyer is the one who appoints his preferred freight forwarder to load and transport the goods from the seller`s warehouse to the designated place of destination of the buyer. 2. FOB - Here, the responsibility of the Seller ends when the goods are loaded onto the carrying vessel (correction: ON BOARD THE CARRYING VESSEL - NOT exporting site). The seller here does not pay the Port to Port insurance and Main Carriage or Freight 3. CFR - In this incoterm, the responsibility of the seller ends also when the goods are loaded onto the carrying vessel. However, IT IS VERY IMPORTANT to note that the seller`s responsibility here includes the payment of the Main Carriage from the Country of Origin to the Country of Destination. 4. CIF - The responsibility of the seller ends also when the goods are loaded onto the carrying vessel. But, the responsibility of the seller here includes the payment of Port to Port insurance and Main Carriage or Freight. 5. DAP - The responsibility of the seller ends when the goods are delivered at the buyer`s warehouse (NOT UNLOADED - the unloading of the goods from the truck or container is the responsibility of the buyer). 6. DDP - The responsibility of the seller ends when the goods are delivered at the buyer`s warehouse (NOT UNLOADED - the unloading of the goods from the truck or container is the responsibility of the buyer). the same with DDP, BUT the payment of import duties and taxes are included in the seller`s invoice. Thus, this is the INCOTERM wherein the seller has the maximum responsibility. To those people who want to learn the 2020 INCOTERMS published by the ICC, you may grab a copy directly on their website. I hope sir that you would sequentially discuss the 11 Incoterms because merely discussing some of them would create confusion lalo na po sa mga students na first time na mag aaral ng Incoterms.
Ohayo IINO san, TKVM for the video and I have shared it to my office colleagues from the operation division, especially our Sales PIC so that they can extend a better offer when working on quotation to our Customers. Thank you Thank you.
If i say its very important video i feel like i decrease the value of your video content, so I have to say it`s life changing video i ever come across.This 9min video bit 2hr session.Thank you Sir!
Depends on your margin tbh. If your product is making you a lot of money, I think DAP (Door to Door) since you have money to spend to keep your customers happy. But if your margin is low, EXW is the best for you. You should balance it in between
Sir agar me workshop equipments (not for resale) China se through DDP mangwata hu To kya mujhe import export license chahiye hoga? Ya fir sirf GST registration se kam chal jayga?
In minute 7:30 of the video both FOB as well as CFR&CIF are considered the same with respect to responsibility. There is a nuance: in FOB responsibility goes to the seller at the moment is onboard. This is leading to confusion.
Very informative video INO-san! Many thanks for taking the time to make the following above. Just a question INO-san: Isit right to say that the Buyer (importer) will pay the freight to the Shipowner (S/O) under FOB terms whereas under CIF terms, Seller(Exporter) will pay the freight to the S/O?
Little mistake here, you described the incoterm FCA instead of EXW, the seller doesnt even have to load the package in to the vehicle, also the buyer has to make the export and import documentation, EXW should never be used for international trades, FCA os far better in such cases But all in all great content
How do you call it when it’s FOB responsibility wise , but the importer pays for the freight also from the point it leaves the factory? For example the seller is responsible for the goods as long as they are in the origin country But the buyer is responsible of paying all transportation cost. Is there a name for that?
who will pay the cost for container booking or container freight in FOB incoterms?if seller's pay for this,he will add the expense in the total invoice but if the buyer have to pay then ,he book the container and give the details to seller?
hi .about ddp shipping it is train shipping or sea shipping or air shipping and why it is take sooo long time , the supplier in alibaba make me confused
@@logisticsyoutuberiinosan2358 Hi Lino San, Honestly my company that i have worked still have trouble about payment vendor, and payment forwarder. Almost our part is imported and the incoterm is Ex Work and I hope the procurement team try to change incotem become DDP/DAP but i just Staff don't have power. So I Will try to explain about incoterm in my Instagram and my Linked. The subtitle and explanation still in English but I Will speak is Bahasa
4:02 “this point makes us to misunderstand” this phrase is incorrect because ‘makes’ is present tense and ‘to misunderstand’ is future tense. You don’t put them in the same sentence. Otherwise very helpful video!!
![Incoterms 2020 Explained [Complete Guide]](http://i.ytimg.com/vi/GTUTLRXcVuA/mqdefault.jpg)
![Incoterms 2020 Explained [Complete Guide]](/img/tr.png)
Excellent training video. Perhaps the only video you could find that explains confusing set of half a dozen inco terms so simplified for a layman to easily understand. Kudos!
thank you!!
I've watch lot of videos explaining incoterms in youtube... but this video is the best and easiest to understand... thank you very much Iino San... may God repay all your kindness...
wow! best incoterm explanation channel! thank you😆
Thank you so much Iino san. I have just started a job in logistics and this video has been incredibly helpful as I had no idea what incoterms were before hand. Cannot thank you enough and cant wait to see your other vids.
Thank you for your comment! it's my pleasure😁
Link me please
Likewise....thank u so much as ur vid explained in detail...
Addition to EXW: the buyer is also responsible for Loading the goods onto the truck at the factory. In your video it looks like the seller loads it into the truck. Even though it happens a lot, it's important to understand it is actually the sellers responsibility/risk.
thank you for additional explanation😆
Hello I want to know more about logistic,can we connect
I thought it would be difficult to understand but you made it easy. Thank you 🙏🏽
I would like to share what I have learned from the review center lang po about the INCOTERMS that you provided in this video.
1. EXW - the responsibility of the seller DOES NOT include the loading of the goods into the container. The ONLY responsibility of the seller here is to make the goods available at his place or warehouse. It is actually the ONLY INCOTERM wherein the buyer is the one who appoints his preferred freight forwarder to load and transport the goods from the seller`s warehouse to the designated place of destination of the buyer.
2. FOB - Here, the responsibility of the Seller ends when the goods are loaded onto the carrying vessel (correction: ON BOARD THE CARRYING VESSEL - NOT exporting site). The seller here does not pay the Port to Port insurance and Main Carriage or Freight
3. CFR - In this incoterm, the responsibility of the seller ends also when the goods are loaded onto the carrying vessel. However, IT IS VERY IMPORTANT to note that the seller`s responsibility here includes the payment of the Main Carriage from the Country of Origin to the Country of Destination.
4. CIF - The responsibility of the seller ends also when the goods are loaded onto the carrying vessel. But, the responsibility of the seller here includes the payment of Port to Port insurance and Main Carriage or Freight.
5. DAP - The responsibility of the seller ends when the goods are delivered at the buyer`s warehouse (NOT UNLOADED - the unloading of the goods from the truck or container is the responsibility of the buyer).
6. DDP - The responsibility of the seller ends when the goods are delivered at the buyer`s warehouse (NOT UNLOADED - the unloading of the goods from the truck or container is the responsibility of the buyer). the same with DDP, BUT the payment of import duties and taxes are included in the seller`s invoice. Thus, this is the INCOTERM wherein the seller has the maximum responsibility.
To those people who want to learn the 2020 INCOTERMS published by the ICC, you may grab a copy directly on their website. I hope sir that you would sequentially discuss the 11 Incoterms because merely discussing some of them would create confusion lalo na po sa mga students na first time na mag aaral ng Incoterms.
Thank you for your detailed explanation ☺️
Hi, I have watched this for several times in 2/3 years, thank you for helping us out here❤
Ohayo IINO san, TKVM for the video and I have shared it to my office colleagues from the operation division, especially our Sales PIC so that they can extend a better offer when working on quotation to our Customers. Thank you Thank you.
Thank you for sharing my videos😆
This was so comprehensively explained! And graphic presentation was made it very easy to understand which I was having a hard time learning
Very clear this compared with other info on Inco's. Thank you very much
It's my pleasure, Jan san😆
I have job interview on next Monday. Your video will gonna help me. Thanks!
Cheer up!
Thank you so much ! I have an exam about INCOTERMS tomorrow and it helps me a lot ! :)
It's my pleasure😁
If i say its very important video i feel like i decrease the value of your video content, so I have to say it`s life changing video i ever come across.This 9min video bit 2hr session.Thank you Sir!
Thank you for your perfect kind comment!
Valuable info for beginners...tks for sharing
Thank you for your comment! Please use it😆
It is really wonderful lesson.
Thank you so much IINO, this video is an excellent video, very simplified and to the point.
Thank you for your comment! It will be my motivation😆
thankyou! you really helped me for my upcoming lecture. I'm happy that i could find ur yt channel!
Thank you Sir. Clearly Understand this 6 terms. ✌️
Good! This is the basic terms then you can work now.
This is a moderately good video. Background music was a distraction. Thanks for posting!
Easy understanding and helpful,thanks for sharing
Thanks! I will try to make more easier to understand videos!
Thank you so much Lino San!!! ❤
excellent work iino san.i am well explained.
Thank you!!!
amazing material! thank you!
Thank you so much Lino san.. appreciated that
Thank you for your comment! appreciated!
Big Thank From Cambodia 😍😍
Your videos are really helpful & informative. Thanks for such kind of information
Thank u for your videos. But please explain the full forms of short words like fob,exw,etc
please check this page. I explained all about INCOTERMS.
forwarder-university.com/training-lesson/
Excellent explanation all the terms . 🙏
Thank you!!
Thank you for this video, it's super helpful!
my pleasure😆
Thank you sir i got great knowledge regard the incoterms
Very useful information
thankyou for sharing, it's really helpful and please keep it up
Very clearly explained
Thanks for nice videos.
Just one question,When terms is CFR then who pay insurance??
👍
lol I had to watch this for class. Interesting video.
Thank you👍👍👍
Thanks Sir. It is very well explained. For CFR and CIF, Is seller responsible for unloading cargo from the vessel at the importing port ?
hmm. I exactly don't know this point.
DEAR IINO SAN,
MANY THANKS FOR INFORMATIVE VIDEO.
PLEASE LET ME KNOW ABOUT THE SHIPPING TERM "CIP".
THANKS.
please watch this video.
th-cam.com/video/FVHQp4_3vqE/w-d-xo.html
Great informative video ,, explain the full processes of cargo transaction and the importance of completing the documents properly, thanks…
really thank you for your video.
Thanks!!
Thank you for the video!!!
You are welcome!
Thank you so much,very enlightening
Thank you so much..excellent
Amazing video, thank you
Great video!
thanks good video and good explanation, regards!!!!!
Great work.
Thanks!
Superbb😍
👍👍👍
Thank you so much 🙏
You are welcome😆
Really thank you for the knowledge shared.
It's my pleasure😁
Suprb sir from india
Thank you from India😆
informative
Make videos how to use cargo wise app for logistic
thanks for such viable video, if it possible to have a written form of the video?
You are welcome! written form? there is blog regarding this contents. please check the summery section.
Thank you so much Sir :)
that was great video no doubt but as a ecommerce which type of method should i relay on the most?
Depends on your margin tbh. If your product is making you a lot of money, I think DAP (Door to Door) since you have money to spend to keep your customers happy. But if your margin is low, EXW is the best for you. You should balance it in between
Sir agar me workshop equipments (not for resale) China se through DDP mangwata hu
To kya mujhe import export license chahiye hoga? Ya fir sirf GST registration se kam chal jayga?
Hi, hope you can make some videos about AMS, ACI, ISF 10+2, ISF 5
👍
Excellent video!! Congratulations!! A question: where was the video made? which application or program did they use? it was very good!
Thank you. we make video by ourselves.
thnking u all
Great!!!
SO GREAT
Thank you for your time and labor’s :)
😆
Thank you for your video.
What about the cost of the container if I have goods that need to be put in a 20 or 40 feet container?
from where to where?
In minute 7:30 of the video both FOB as well as CFR&CIF are considered the same with respect to responsibility. There is a nuance: in FOB responsibility goes to the seller at the moment is onboard. This is leading to confusion.
This is simplified explanation for easy understanding.
Thank you!
Very informative video INO-san! Many thanks for taking the time to make the following above.
Just a question INO-san: Isit right to say that the Buyer (importer) will pay the freight to the Shipowner (S/O) under FOB terms whereas under CIF terms, Seller(Exporter) will pay the freight to the S/O?
Ship Owner? Sorry, I'm not familiar with this issue.
INNO San Arigato~
Very well
Before explaining the process. Explain the the abbreviation. So we know what you are describing.
Just one questions,when it’s CFR ?then who pay insurance?
CFR, Importer pay insurance.
Arigato Gozimasu !!
Douitashimashite😄
Thanks
Thank you
My pleasure😁
Little mistake here, you described the incoterm FCA instead of EXW, the seller doesnt even have to load the package in to the vehicle, also the buyer has to make the export and import documentation, EXW should never be used for international trades, FCA os far better in such cases
But all in all great content
EXW +DDP can be use for international trades
@@mia-fba-freightforwarder4578 thats right, still i would recommend to use FCA instead of EXW and DAP instead of DDP for international trade
👑
Is international trade hard or not iam wandering around it replay??
hmmm. depend on job.
How do you call it when it’s FOB responsibility wise , but the importer pays for the freight also from the point it leaves the factory? For example the seller is responsible for the goods as long as they are in the origin country But the buyer is responsible of paying all transportation cost.
Is there a name for that?
If it's FOB,supplier is responsible for shipping the goods to the port,then you need to do LCL
who will pay the cost for container booking or container freight in FOB incoterms?if seller's pay for this,he will add the expense in the total invoice but if the buyer have to pay then ,he book the container and give the details to seller?
If FOB, import pays ocean freight.
If seller pays ocean freight, it will be CFR.
you can find a reliable freight forwarder help with shipping
Is EX here means previous or EXTRA?
Ex works
hi .about ddp shipping it is train shipping or sea shipping or air shipping and why it is take sooo long time , the supplier in alibaba make me confused
DDP is a trade term and is not solely limited to a single mode of transport.
In CIF insurance paid by whom
Do you need a logistics agent in China?🎉
Music is too high
Do you need a logistics agent in China?🎉🎉
Hi Iino san.
May I dubbed in Bahasa/ Indonesia Language ? ..
Hi, thank you for your proposal. but I don’t have good translator.
@@logisticsyoutuberiinosan2358 Hi Lino San, Honestly my company that i have worked still have trouble about payment vendor, and payment forwarder. Almost our part is imported and the incoterm is Ex Work and I hope the procurement team try to change incotem become DDP/DAP but i just Staff don't have power. So I Will try to explain about incoterm in my Instagram and my Linked. The subtitle and explanation still in English but I Will speak is Bahasa
4:02 “this point makes us to misunderstand”
this phrase is incorrect because ‘makes’ is present tense and ‘to misunderstand’ is future tense. You don’t put them in the same sentence. Otherwise very helpful video!!
Charts at end are money.
FOB all the time.
😆
Good content but background music is distracting and undermining the recitation.
Do we use all 11?
Mostly use these 6.
Se puede traducir a Español??
thanks but I don't have translator.
You forgot about FCA
Kilback Road
Does not explain what FOB, CFR, CIF etc stands for
No I didn't. I explained the flow mainly.
Background music is just soooo unnecessary
Could have done without the annoying music.
If you want to learn this content more clearly, please check this link.
trade-camp.com/
Thank you
You are welcome😆
thank you