\ud835\udc08\ud835\udc0d\ud835\udc02\ud835\udc0e\ud835\udc13\ud835\udc04\ud835\udc11\ud835\udc0c\ud835\udc12 & \ud835\udc08\ud835\udc0c\ud835\udc0f\ud835\udc0e\ud835\udc11\ud835\udc13 \ud835\udc03\ud835\udc14\ud835\udc13\ud835\udc08\ud835\udc04\ud835\udc12 & \ud835\udc13\ud835\udc00\ud835\udc11\ud835\udc08\ud835\udc05\ud835\udc05\ud835\udc12 \u2013 \ud835\udc16\ud835\udc07\ud835\udc0e \ud835\udc11\ud835\udc04\ud835\udc00\ud835\udc0b\ud835\udc0b\ud835\udc18 \ud835\udc0f\ud835\udc00\ud835\udc18\ud835\udc12?<\/p>\n
DO NOT UNDERESTIMATE THE POWER OF INCOTERMS WHEN MANAGING COST & SUPPLY CHAIN RISK & DAY-TO-DAY OPERATIONS<\/p>\n
As Supply Chain Risk and Cost Down Experts, we\u2019ve had several conversations about the real-world impact of Incoterms \u2013 especially when it comes to who ends up paying for import duties and tariffs and how that affects overall landed costs. In a time when many companies are under pressure to reduce costs and uncover hidden savings, having clarity on where responsibilities truly lie along the supply chain is more important than ever. This isn\u2019t just about logistics \u2013 it\u2019s about having the full picture when it comes to \ud835\udc1c\ud835\udc28\ud835\udc2c\ud835\udc2d \ud835\udc26\ud835\udc1a\ud835\udc27\ud835\udc1a\ud835\udc20\ud835\udc1e\ud835\udc26\ud835\udc1e\ud835\udc27\ud835\udc2d and \ud835\udc2b\ud835\udc22\ud835\udc2c\ud835\udc24 \ud835\udc26\ud835\udc22\ud835\udc2d\ud835\udc22\ud835\udc20\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc28\ud835\udc27.<\/p>\n
That\u2019s why we have put together a SIMPLIFIED visual below. It shows, at a glance, which party is responsible for import duties and potentially punitive tariffs under the most common Incoterms.<\/p>\n
\ud835\udc12\ud835\udc29\ud835\udc28\ud835\udc22\ud835\udc25\ud835\udc1e\ud835\udc2b: in most cases, it\u2019s still the buyer \u2013 unless you\u2019ve explicitly agreed on DDP.<\/p>\n
Understanding these differences can help avoid surprises, improve negotiation outcomes, and make sure we’re not missing out on hidden cost drivers that could quietly erode margins.<\/p>\n
Ask yourself: Have you come across any surprises related to Incoterms, duties, or customs responsibilities in the last couple of weeks? If so, what are the reasons and<\/p>\n
Keep in mind: Incoterms are a powerful tool to manage your supply chain operations and streamline your logistics processes. At the same time, it is an even more powerful way to manage COSTS and SUPPLY CHAIN RISKS. Ensure your Buyers and Supply Chain Specialists understand the financial and operational impact of your preferred INCOTERMS. For more details, please get in touch.<\/p>","protected":false},"excerpt":{"rendered":"
\ud835\udc08\ud835\udc0d\ud835\udc02\ud835\udc0e\ud835\udc13\ud835\udc04\ud835\udc11\ud835\udc0c\ud835\udc12 & \ud835\udc08\ud835\udc0c\ud835\udc0f\ud835\udc0e\ud835\udc11\ud835\udc13 \ud835\udc03\ud835\udc14\ud835\udc13\ud835\udc08\ud835\udc04\ud835\udc12 & \ud835\udc13\ud835\udc00\ud835\udc11\ud835\udc08\ud835\udc05\ud835\udc05\ud835\udc12 \u2013 \ud835\udc16\ud835\udc07\ud835\udc0e \ud835\udc11\ud835\udc04\ud835\udc00\ud835\udc0b\ud835\udc0b\ud835\udc18 \ud835\udc0f\ud835\udc00\ud835\udc18\ud835\udc12? DO NOT UNDERESTIMATE THE POWER OF INCOTERMS WHEN MANAGING COST & SUPPLY CHAIN RISK & DAY-TO-DAY OPERATIONS As Supply Chain Risk and Cost Down Experts, we\u2019ve had several conversations about the real-world impact of Incoterms \u2013 especially when it comes to who ends up paying for import duties and tariffs and how that affects overall landed costs. In a time when many companies are under pressure to reduce costs and uncover hidden savings, having clarity on where responsibilities truly lie along the supply chain is more important than ever. This isn\u2019t just about logistics \u2013 it\u2019s about having the full picture when it comes to \ud835\udc1c\ud835\udc28\ud835\udc2c\ud835\udc2d \ud835\udc26\ud835\udc1a\ud835\udc27\ud835\udc1a\ud835\udc20\ud835\udc1e\ud835\udc26\ud835\udc1e\ud835\udc27\ud835\udc2d and \ud835\udc2b\ud835\udc22\ud835\udc2c\ud835\udc24 \ud835\udc26\ud835\udc22\ud835\udc2d\ud835\udc22\ud835\udc20\ud835\udc1a\ud835\udc2d\ud835\udc22\ud835\udc28\ud835\udc27. That\u2019s why we have put together a SIMPLIFIED visual below. It shows, at a glance, which party is responsible for import duties and potentially punitive tariffs under the most common Incoterms. \ud835\udc12\ud835\udc29\ud835\udc28\ud835\udc22\ud835\udc25\ud835\udc1e\ud835\udc2b: in most cases, it\u2019s still the buyer \u2013 unless you\u2019ve explicitly agreed on DDP. Understanding these differences can help avoid surprises, improve negotiation outcomes, and make sure we’re not missing out on hidden cost drivers that could quietly erode margins. Ask yourself: Have you come across any surprises related to Incoterms, duties, or customs responsibilities in the last couple of weeks? If so, what are the reasons and Keep in mind: Incoterms are a powerful tool to manage your supply chain operations and streamline your logistics processes. At the same time, it is an even more powerful way to manage COSTS and SUPPLY CHAIN RISKS. Ensure your Buyers and Supply Chain Specialists understand the financial and operational impact of your preferred INCOTERMS. For more details, please get in touch.<\/p>","protected":false},"author":2,"featured_media":5099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","entry"],"yoast_head":"\n