What are the best incoterms to use? | Global Trade Explained

EXW, FOB, CFR, CIF, DDU, DAP or DDP? What are the best incoterms to use? Whether you're a buyer or seller, watch this to see all the advantages and disadvantages of using different incoterms in your trade deals. This is a follow-up to the previous video we made on Incoterms for Beginners:    • Incoterms for beginners | Global Trade Exp...   In this tutorial we give examples on how each delivery term affects your product pricing and overall costs: 📌 NAVIGATION: 0:00 - What you'll learn 0:34 - DDP - Advantages and Disadvantages 1:17 - FOB - What is Free on Board? 1:29 - FOB - How can it influence pricing? 3:33 - FOB - Hidden Costs for Supplier 4:15 - CIF/CFR - What is Cost Insurance Freight? 4:41 - CIF/CFR - Hidden Costs for Buyer 5:06 - CIF/CFR - How to stay safe? 6:16 - EXW - Challenges 6:37 - EXW - Advantages 6:46 - EXW - Export Customs Clearance 7:51 - Other tips #Incoterms #FOB #EXW #DDU #DDP #CIF #CFR ⚠️DISCLAIMER: The information provided throughout this video is for educational and informational purposes only. It does not substitute professional consultation of financial, legal or any other nature. Although TEXIN LTD is a sourcing agent, all the content shared on this channel does not constitute a service provider – client relationship. This channel is not politically affiliated with anyone. Our videos are looking at facts from a business perspective. Anyone can freely comment on this video, but before you do please remember to abide by YouTube’s regulations. Keep discussions courteous. Racism, personal attacks, hate speech, baiting, trolling, doxing, etc., of any kind are not permitted and may be removed.