EXW (Ex Works)– applies to any form of transportation. Compared to other Incoterms, here the seller has the fewest obligations. Delivery is considered to have been completed when the goods are deposited at the place agreed on by the buyer. From then on, the buyer is responsible for arrang...
Choosing the Incoterm that befits your cargo requirements can be complex, especially if you are a first time importer. Discover our overview of the current list ofincoterms 2020 rulesandcontact us today to get immediate assistance for your next shipment. ...
Learn what Incoterms® rules are. Discover how DDP Incoterms® and DAP Incoterms® impact your costs and responsibilities.
Incoterms® are used to specify which party arranges for the payment and handling of goods during shipping, from origin to destination.
Here are the Incoterm changes the 2020 update brings. 2020 Incoterms Changes FCA On-Board Bill of Lading for Sellers Option This is a significant change happening with the 2020 Incoterms update as it pertains to the Bill of Lading, which is probably the most fundamental document when it come...
Confused by Incoterms and HS codes? Learn about some of the key documents you’ll need in the customs clearance process here
FCA is a term that comes under Incoterms® 2020. FCA stands for Free Carrier and shows the place of delivery of cargo by the seller to his customer or the customer’s representative before it goes on its main leg of the journey. ...
This article will focus on the three most common Incoterms for importers: EXW, FOB, and CIF. Related Reading: The Ultimate Guide to Importing from China EXW (Ex Works: Place of Supplier) EXW means that you as the buyer are responsible for arranging to have your goods picked up at you...
Incoterms® is accepted universally by trading communities, transporters, government bodies, etc. The current version that is used is the Incoterms® 2020. It has 7 rules that cover all the modes of transport and 4 that are specific to the transport of cargo over water. These rules are...
On 1 January 2020, a new version of Incoterms – the Incoterms 2020 rules (ICC publication No. 723) – came into force. This version contains important changes to the rules for the international supply of goods.The main goal of this new edition is to make these rules as clear and easy...