Biznex Hub on Instagram: "✈️ Incoterms Explained: CIP (Carriage and Insurance Paid To) Under CIP, the seller arranges and pays for carriage & insurance to the named destination. Once goods are handed over to the carrier, the risk transfers to the buyer, but the seller must provide insurance coverage (at least 110% of the contract value under Incoterms 2020). ✅ Suitable for multi-modal transport ✅ Great for buyers who want sellers to handle freight & insurance ⚠️ Buyers should confirm insurance t

Biznex Hub on Instagram: "🚚 Incoterms Explained: DAP (Delivered at Place) Under DAP, the seller delivers goods to the buyer’s location (or agreed place of destination), ready for unloading. 👉 The seller bears all costs & risks of transport up to that point. 👉 The buyer handles import duties, taxes & unloading. ✅ Convenient for buyers – seller manages almost everything ⚠️ Buyers must be prepared for customs clearance at destination 📦 Watch this reel to see how DAP simplifies international del