Category D: The Buyer is the King!
The seller has to deliver the goods at the buyer’s required place. This additional responsibility is accepted when one signs for Category D incoterm.
Incoterms
Category C: where your accountability increases!
In Category C, there are 4 incoterms, which are a major part of commonly used commercial terms.The key point in Category C is that – The seller has to pay for the main carrier (ship/air cargo).
Category F : wherein your Main Carrier charge is Free!
The responsibility of seller increases in Category F of the Incoterms, wherein the seller is required to transport the products to the main carrier (i.e. Shipping Terminal, Warehouse, Airport and so).
Ex-Works : An Incoterm every seller likes!
Being the only Incoterm in E category which is Departure – it serves the best for a seller. The seller has the minimum responsibility and cost in EX-works.
Incoterms – Let’s know it!
Incoterms 2020 are divided into four categories – E, F, C, D in the order of increasing Seller responsibility. (A&B has been from the new Incoterms 2020).
Incoterms & your Product’s journey
Most products that is transported across countries passes through 12 critical points in its journey! From the origin country to the destination country these 12 critical points has its own costs.
INCOTERMS 2020 – ‘Who’ pays for ‘What’ in International Trade?
Incoterms are internationally recognized terms in global trade which clarifies the responsibilities and the risk of transfer between the seller and the buyer when a sale of a good is involved.