expoadmuser

Actually, Ex works (EXW) and free on board (FOB) are both international trade terms. It indicate the responsibilities of buyers and sellers to cover all costs and arrangements for the shipping of goods. In EXW, the seller is not responsible to load the goods on the buyer’s designated method of transport. Instead, the seller makes goods

Free On Board (FOB) is a shipment term. We use this term to indicate whether the seller or the buyer is liable for damaged or destroyed goods in transit. We will discuss “FOB origin” and “FOB destination”. The most common international trade terms are Incoterms, which publishes International Chamber of Commerce (ICC). “FOB origin” means the

Ex works (EXW) is a shipping agreement in which a seller makes a product available at a specific location. In other words, the buyer of the product must cover the transport costs. Actually, This best choice for seller but not good choice for buyer. Once sellers hand over goods to the buyers, they are responsible

First of all, what is Import export incoterms ? Import export Incoterms are a set of 11 international rules which define the responsibilities of sellers and buyers. Incoterms specifies who is responsible for payment of the shipment, customs clearance, documentation insurance and other logistical activities.     For all modes of Transport  EXW – Ex Works EXW is an trade