“Ex Works” is an Incoterm like “Free on Board” (FOB) and “Free Carrier” (FCA), which are methods of shipping that can differ drastically from Ex Works. The main difference between Ex Works and FOB is that with FOB, the seller is responsible for the goods up until they reach th...
In this instance, EXW is ideal, as it allows the buyer to export the cargo as a single export. Another advantage is if buyers wish to hide who their suppliers are. They can ship under an EXW incoterm, and use a differently named exporter on the shipping documents. When looking at ...
Before any further introduction, let’s see what is EXW first. EXW, or Ex Works, is an international trade term defining a seller's responsibility. In this arrangement, the seller makes goods available at their premises like their factories or docks, then the buyer assumes all costs and risk...
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 standard...
An incoterm can also determine who has control over the decisions made during the various phases of shipment. According to some terms, the buyer may be able to choose thefreight forwarder. Another term can give this right to the seller. It is important to note, however, that the responsibil...
Incoterms® explained Incoterms® are grouped into two categories based on the modes of transport that will be used. There are seven Incoterms® for any mode of transport, and four for sea, land or inland waterway transport. Each Incoterm® is represented by a three-letter abbreviatio...
Essentially, once the cargo has been loaded onto the ship at port, the buyer is responsible for the cost and logistical planning for the rest of the journey. FOB is Not the Only Incoterm: Learn About EXW Our customers sometimes choose to use the EXW Incoterm, so let’s talk about what...
EXW (Ex Works) FCA (Free Carrier) CPT (Carriage Paid To) CIP (Carriage and Insurance Paid To) DAP (Delivered at Place) DAT (Delivered at Terminal) DDP (Delivered Duty Paid) Selecting the correct Incoterm ensures clarity on shipping responsibilities and cost-sharing between parties. ...
The term Ex-Works (EXW) figures on top of the list of Incoterms® that is published by the International Chamber of Commerce (ICC).
Who will pay the freight charge, local destination, and destination charge if the Incoterms is DDU? Which Incoterms to choose: DDU and DAP? What is the difference between DDU and DDP Incoterms? DDU and EXW Incoterms: how are these two correlate?