How Do Incoterms Influence Insurance for Global Trade?

Understanding Incoterms is crucial for anyone involved in global trade, especially when it comes to cargo insurance. This video breaks down how different Incoterms allocate risk and responsibility, directly impacting your insurance needs and costs. In this insightful discussion, you'll discover: ► How specific Incoterms dictate who is responsible for cargo at each stage of global shipping. ► The direct link between Incoterm selection and the type of insurance coverage you need. ► Key considerations for shippers and buyers to minimize risk and avoid unexpected costs. ► Practical tips for aligning Incoterms with your insurance strategy for maximum protection. #Incoterms, #GlobalTrade, #CargoInsurance, #Logistics, #Shipping, #SupplyChain