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This video clarifies the fundamental concept of Incoterms, which are international standards used to define the specific obligations and risks shared between buyers and sellers in global trade. While eleven variations exist, the text emphasizes that mastering the six most common terms is sufficient for most industry professionals to operate effectively. These specific categories determine who is responsible for shipping costs, insurance coverage, and liability if goods are damaged during transit. By examining terms ranging from EXW to DDP, the source illustrates how the burden of logistics shifts from the purchaser to the supplier depending on the chosen agreement. Ultimately, the video serves as an educational resource designed to help logistics workers and traders avoid disputes by clearly understanding their financial and legal boundaries.