Incoterms is an acronym for "International Business Words," and it refers to a collection of commercial terms established by the International Chamber of Commerce (ICC) that govern international trade.
There are currently 11 different incoterms. E, F, C, and D are the four groupings that each type belongs to. The delivery location and who is responsible for funding the cost of each leg of the route establish these groups. The groups are then divided into subcategories, each of which refers to a different scenario.
There are 11 Incoterms currently in use. Some relate to all forms of transportation, while others are peculiar to one. These are the 11 rules, summarised: Ex-Works (EXW): This indicates that the vendor delivers the items to a certain location, generally the seller's factory.
The Incoterms are classified into four groups: E, F, C, and D.
There are four trade terms in Category C (Main Carriage Paid):
CAP (Carriage paid to)
COI (Carriage and Insurance paid to)
CCRF (Cost and Freight)
The CIF (Cost, Insurance and Freight)
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Jay Vyas
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This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
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gopi krishna acharya
5
Amazing Practical approach to Export and Import Trading. Should be most useful for beginners.
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gopi krishna acharya
5
Most Simple , Lucid explanation of intricate procedures involved in the Business of Exports N Imports. Thanks to Sri Kunal Sir and the Architects of the Course.
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Yadvendra Kumawat
5
कोर्स के अंदर जो आप प्रक्रिया बताते हैं उसे कैसे संबंधित दस्तावेज भी बताएं और दस्तावेजों में को कैसे भरना है इससे संबंधित भी वीडियो बनाएं बहुत अच्छा होगा
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Mohammad Altaf
5
I wants to write lots of things for appreciate but firstly I need to confirm one doubt. But it's very useful.
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Dinesh Kumar
5
यह कोर्स मेरे लिए उतना ही प्रभावशाली और जरूरी है जैसे एक इंसान को सांस की जरूरत होती है
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Limbasiya Dax
5
Very good 👍🏻😊
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Harshvardhan Maharnur
5
nice
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Dinesh Kumar
5
Mere Hisab Se Isase Accha Course Ho Hi Nahi Sakata Etana Details Me Aur Etena Acchi Tarah Se Samajhaya Gaya H Ki Age Kucch Kahane Ke Liye Nahi Bachata Agar Ek Shabd Me Kahun To Superb.
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Ramesh Solanki
5
Awesome, I want to know about exim word during questionaire what it indicates ?
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