Ex Works meaning in shipping: FAQ What are the advantages of using the Ex Works Incoterm? For the seller, the EXW Incoterm requires the least effort because their only responsibility is to make the goods avail
EXW vs CIF Based on FOB, the seller also needs to help you to send the goods from Ningbo Port to thePort of Los Angeles, pay the freight, and purchasecargo insurance. The seller should be responsible for the risks and costs from the factory to the Port of Los Angeles. The buyer shoul...
Shipping Term主要包括以下几种：FOB：当货物在装运港越过船舷时，卖方即完成交货。风险在装船时从卖方转移到买方。主要适用于海运。CIF：价格包括从装运地到目的地的运费及保险费用。卖方负责安排货物运输并购买保险，直至货物安全抵达目的地。为买方提供了更全面的保障。EXW：卖方在其场所交货给买方，此时...
(Delivered Duty Paid) This term shall mean the vendor clears the goods for export and import and pays any shipping charges, duties, taxes, or customs clearance fees. Each Party is responsible to pay all costs and fees attributable to such Party pursuant to the Shipping Terms indicated on ...
FOB Shipping Meaning First, let’s define what FOB (free on board) means by breaking it down word-by-word. The term ‘free’ refers to the supplier’s obligation to deliver goods to a specific location, later to be transferred to a carrier. ...
Do you know what is CNF meaning and how it can help you save costs in shipping? Are you aware of shipping incoterms and how it can impact your business? CNF stands for Cost and Freight; It is a legal term that is commonly used in international shipping and transportation. CNF refers ...
Container status The status of a container in term of location, custody and cargo status for cargo tracking use. Container type The purpose of a container of which the code is to be adhered to ISO standard. Containerizable cargo Cargo that will fit into a container and result in an economi...
If you offer international delivery or export goods overseas as a seller, you’ll need to know the most common shipping terms used to transport items abroad and their meaning. Failing to fully understand what a shipping term means can cause a lot of issues for you and your business...
FOB vs EXW: Which is better? The best incoterm for you will depend on a number of factors unique to your business. Consider your priorities when making a decision and weigh up the pros and cons of each to see which is the best fit. Do you prioritize low prices or ease of doing busi...
DDP shipping is a popular Incoterm where the seller handles all shipping fees and taxes. Learn about its pros and cons, when to use it, and more.