This time, let’s look at DAP/ DPU/ DDP of Incoterms 2020 Group D. Incoterms rules have been revised in 2000, 2010, and 2020 to ensure that the trade terms are clearer. However, the terms DDU and DAT which are already abolished are still being used in commercial practices. We will now focus on the latest […]
Archive List for Incoterms
Explaind about EXW(Ex-Works) for Logistics. Advantage and Disadvantage from Exporters’ and Importers’ point of View.
This time, let’s look at Ex-works. We will go through the advantages and disadvantages from a seller and a buyer’s perspective. You can minimize both seller’s and buyer’s trading troubles, by understanding INCOTERMS correctly. So, it’s important for you to understand. Let’s take a look! Explanation of EXW by Animation Video What is INCOTERMS? Ex-works […]
This time, let’s look at Incoterms C Group – CFR/CIF/CPT/CIP. Our company works as a freight forwarder in Thailand, CFR and CIF trading conditions are used by the customer, due to the volume of exports from Thailand. Let’s take a closer look. Video Explanation about CFR/CIF/CPT/CIP About Incoterms Firstly, let me explain about “Incoterms”. “Incoterms” […]
This time, let’s have a look at FOB from an exporter’s and an importer’s point. For example, if we, an experienced trading company are importing, we will use FOB for countries which have regular trade business arrangements. CFR is used by countries who do not have a regular trade business arrangement. It is very important […]
Explained about the difference Freight Prepaid and Collect. B/L and AWB shows Prepaid & Collect based on Incoterms of the trade.
There are varieties of special words and terms for Trade. For this time, we will explain to you the special words “Prepaid” and “Collect”. Actually, I could not understand those words for sure when I started to work in Global Logistics. I was feeling like that… I think that the other people not only me […]
Explained about “Incoterms” with illustration. EXW, FOB, CFR, CIF, DDU, DDP – Most common trade terms.
What is the first task to remember the Trade Words? It might be thought that it is “Incoterms”. There are 11 kinds of Incoterms with abbreviated 3 English alphabetical letters such as CFR, EXW and so on. But don’t worry! Honestly, it is all OK to remember only 6 Incoterms out of 11 which are […]