Detail about Incoterms is written in the slide! Here is a brief overview of the commonly used INCOTERMS: EXW (Ex Works): The seller's responsibility is to make the goods available at their premises, and the buyer is responsible for the entire transportation process. FCA (Free Carrier): The seller delivers the goods to a named carrier or a specified location, usually a transport terminal or the seller's premises. FOB (Free on Board): The seller is responsible for delivering the goods on board the ship at the named port of shipment. The buyer assumes responsibility and costs once the goods are on the vessel. CIF (Cost, Insurance, and Freight): The seller arranges and pays for the costs and freight to deliver the goods to the named port of destination. They also provide insurance coverage during the transportation. CPT (Carriage Paid To): The seller delivers the goods to the carrier or a named destination. The seller covers the transportation costs, but the risk transfers to the buyer upon delivery to the carrier. DAP (Delivered at Place): The seller delivers the goods to the buyer at a named place of destination. The seller is responsible for transportation costs, while the buyer is responsible for import customs clearance and any applicable taxes. DDP (Delivered Duty Paid): The seller is responsible for delivering the goods to the buyer's location, including all transportation costs, import duties, and taxes. The buyer only needs to unload the goods upon arrival.

1. INCOTERM stands for International Commercial Terms

2. Ghulam Mustafa B19552016
Muhammad Nafees B19552023
Rakesh Kumar B19552028
Ahmad Shah B19552004

3. Why to know Incoterms
What are INCOTERMS?
Purpose of INCOTERMS
What It Covers and It doesn’t Cover
Categories
Challenges of Using INCOTERMS

4. Work in International Trade
Importing Or Exporting Goods
In Purchase Department?
In Account Team?
Issues Letter Of Credit?

5. WHAT ARE INOTERMS?
 INCOTERM stands for International Commercial Terms

8.  To provide a standard set of rules and terms
 Help avoid misunderstandings and disputes
 Clarify the rights and obligations

9.  Misunderstandings And Disputes Can Arise
 Responsibilities, Risks, and Costs
For Example

10.  THE PAYMENT TERMS
 THE QUALITY AND QUANTITY OF GOODS
 THE INTELLECTUAL PROPERTY RIGHTS

11. • CATEGORY E (DEPARTURE)
• (EXW) EX Works

12.  CATEGORY F “Carriage Unpaid By Seller”
 FCA: Free Carrier

13.  CATEGORY F “Carriage Unpaid By Seller”
 FAS - Free on the side of the ship

14.  CATEGORY F “Carriage Unpaid By Seller”
 FOB - Free on Board

15.  CATEGORY C “Carriage paid By Seller”
 CFR - Cost and Freight

16.  CATEGORY C “Carriage paid By Seller”
 CIF - Cost, Insurance and Freight

17.  CATEGORY C “Carriage paid By Seller”
 CPT - Carriage Paid To

18.  CATEGORY C “Carriage paid By Seller”
 CIP - Carriage Insurance Paid To

19. CATEGORY D “Delivery”
 DAP – Delivered At Place
 DPU – Delivered at Place Unloaded
 DDP – Delivery Duty Paid

20. CATEGORY D “Delivery”
 DAP – Delivered At Place

21. CATEGORY D “Delivery”
 DPU – Delivered at Place Unloaded

22. CATEGORY D “Delivery”
 DDP – Delivery Duty Paid

23.  LANGUAGE BARRIER
 LOCAL REGULATIONS
 INCOMPLETE CONTRACTS