LogisticsEXW
EXW (Ex Works)
Also known as: Ex Works, At factory
An Incoterm where the seller makes goods available at their premises, with no responsibility for transport or export clearance.
Also known as: Ex Works, At factory
An Incoterm where the seller makes goods available at their premises, with no responsibility for transport or export clearance.
EXW (Ex Works) is the Incoterm imposing the least obligation on the seller. The seller only needs to make goods available at their premises. The buyer assumes all costs and risks from that point: loading, inland transport, export clearance, international freight, insurance, import clearance, and final delivery.
Incoterms
International rules published by the International Chamber of Commerce (ICC) defining buyer and seller responsibilities for transport and delivery of goods.
LogisticsFOB (Free on Board)
An Incoterm indicating that the seller delivers goods on board the vessel designated by the buyer at the agreed port of shipment, transferring risks and costs to the buyer at that point.
LogisticsCIF (Cost, Insurance and Freight)
An Incoterm indicating that the seller assumes the costs of ocean freight and insurance to the agreed destination port, although the risk of loss or damage transfers to the buyer upon shipment.
LogisticsFreight Forwarder
A logistics intermediary that organizes and coordinates international transport of goods on behalf of importers and exporters, managing routes, documentation, and complementary services.
TradeCustoms Value
The monetary amount on which import duties are calculated, determined according to the WTO Valuation Agreement with transaction value as the primary method.