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INCOTERMS 2020 - DAP/DPU/DDP. How about DDU and DAT? - YouTube
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this time let's look at da P DP u d DP
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of encode rooms 2020 group D encode
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rooms rules have been revised in 2000
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2010 and 2020 to ensure that the trade
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terms are clearer however the terms D D
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U and D 18 which are already abolished
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are still being used in commercial
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practices we will now focus on the
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latest encode rooms 2020 group D first
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of all let me explain briefly about
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encoders encode rooms are the terms and
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condition of cost and risk
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responsibility for a buyer and a seller
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in trading business please remember it
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is an international trading condition
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for a buyer and a seller which set clear
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responsibility range for the cost and
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the risk let's take a look at the
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meaning of da P DP u DB P terms and cost
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and risk responsibility the first term
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is d AP d AP is a short form of
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delivered at place it means a cargo is
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delivered to the designated location
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with the AP an exporter will take the
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responsibility for the cost and the risk
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until the cargo is delivered at the
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designated importing location before
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being unloaded
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therefore the exporter does not have the
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responsibility to unload the cargo the
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buyer is responsible for the risk of
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unloading on importer is responsible for
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charges such as import customs clearance
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duty and tax we have another video which
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briefly explains the AP and provides a
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better understanding but this is the
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explanation in detail the second term D
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PU is a short form of delivered at place
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unloaded it means cargo is delivered and
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unloaded at the designated location with
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vpu an exporter takes responsibility of
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the cost and risk until the cargo is
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delivered and unloaded at the importing
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designated location the buyer is
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responsible for import customs and the
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exporter does not have responsibility
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for this the difference between d AP and
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d pu is the responsibility of the cost
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and the risk of
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loading the third-term DDP is a short
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form of delivery duty paid it means
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cargo is delivered into the designated
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location with custom duty paid with DDP
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a seller is responsible for the entire
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cost and the risk until the delivery is
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completed it is the easiest term for a
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buyer who imports cargo with dpu and da
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p the custom charge all the
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responsibility of a buyer but with DDP a
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seller is responsible for customs and
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taxes the following illustration
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explains the cost and risk
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responsibilities of Group D a buyer is
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responsible for unloading cargo with the
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DP if you are a buyer and transporting
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machine which is difficult to unload you
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should choose the DP you term with the
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DP you term an exporter takes the
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responsibility of unloading with group D
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of encoders it is important to clearly
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instruct the location of unloading the
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term should be recorded on a contract
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and an invoice in the following format
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DP u d AP d DP + address and encode
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rooms 2020 for example DP u ABC
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warehouse Shinagawa encode rooms 2020 do
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not put the name of the port and the
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area on the address however you do need
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to specify the location Group D requires
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a seller to arrange transport for the
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cargo to the designated location
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instructed by an importer buyer
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therefore the seller exporter needs to
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be familiar with the importing locations
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you will need a freight forwarder in an
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importing country you need to check if
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your freight forwarder has a branch or
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agents in the exporting countries if
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they don't you will not be able to make
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arrangements for the delivery and you
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will not be able to use Group D terms
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you will need to use CFR fo B terms now
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let me explain an example of what you
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need to be careful of with a freight
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forwarder in an importing country when
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using DDP with DDP an exporter is
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responsible for the payment of custom
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duty and tax for import however this tax
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is paid temporarily by the freight
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forwarder
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importing country and the invoice will
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be sent to the freight forwarder in an
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exporting country if the amount of tax
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is high it will become an issue some
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freight forwarding companies in an
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importing country may have a maximum
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limit of temporary payment the
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relationship between a freight forwarder
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in an importing country and in an
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exporting country is also important if
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you work for a branch company and are
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new to the business you will probably be
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refused for a higher temporary payment
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therefore when a freight forwarder in an
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exporting country is requested to use
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the DDP term they need to send an
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invoice to an importing country in
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advance to discuss about the temporary
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payment for tax King abolish terms such
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as DD u and dat from encoder rooms 2010
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and 2020 be used anymore yes they can
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still be used we sometimes see the
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invoice showing ddu term on our
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customers invoice encode rooms is not
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law it is terms and conditions used to
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create smooth business between a seller
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and a buyer in encode rooms 2020 the ICC
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recommends for everyone to use GAAP
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instead of DAT however it is only a
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recommendation in trading as long as
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there is a clear agreement between a
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seller and a buyer they can solve any
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trading issues through discussion
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therefore if DD U and dat are written on
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a contract and on an invoice and a
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seller and a buyer have an agreement
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there is no issue we have checked in
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codons 2020 Group D terms new encoders
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rules have been introduced but abolished
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terms like DD you are still being used
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from encode rooms 2010 and business
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practices as we explained encode rooms
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is only a rule which support the
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agreement between a seller and a buyer
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it is not compulsory however it is
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essential as a logistic representative
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to understand the latest information
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this will make it easier to make a clear
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business arrangement with your customers
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in this channel I explain about the
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technical term and job description in
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the
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if you are interested in logistics work
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or if you already work in the logistics
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industry I believe that this channel
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will be a good support for your job if
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this time video gets a good support for
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your understanding please subscribe
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press good or comment anything well see
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you next time
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