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What’s the difference between Ex Works (EXW) & Free On Board (FOB) ?

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 …

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Import export incoterms

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 …

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Govt likely to roll back MEIS incentive in new export-import policy

Roll back MEIS incentive in new export-import policy The Commerce Ministry is considering a recast of export incentives. Ministry is expecting to roll back the Merchandise Exports from India Scheme (MEIS). Apparel exporters are very concerned about it. it could be a part of a new export-import policy. The current policy is also expiring in …

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