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

Ex works (EXW) and free on board (FOB) are both international trade terms, known as Incoterms that dictate the responsibilities of buyers and sellers, including which parties are required to cover all costs and arrangements related to the shipping of goods. With ex works, the seller is not obligated to load the goods on the buyer’s designated method …

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What Is Ex Works (EXW)?

Ex works (EXW) is an international trade term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the transport costs. Ex works (EXW) is one of the 11 current Incoterms (International Commercial Terms), a set of standardized international trade terms that are published by the International Chamber of Commerce. …

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Import export incoterms

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 Ex works is an trade term internationally which describes when a seller makes a product …

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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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