Trade term: the seller makes goods available at its premises; all costs and risks transfer to the buyer.
Trade term: the seller makes goods available at its premises; all costs and risks transfer to the buyer.
EXW (Ex Works) means the seller makes goods available at its premises (factory or warehouse). All costs and risks transfer to the buyer from that point.
| Aspect | EXW | FOB |
|---|---|---|
| Costs | Buyer bears everything | Seller bears up to vessel |
| Procedures | Buyer handles everything | Seller handles export clearance |
| Risk | Buyer bears everything | Seller bears until loading |
A legal document issued by the carrier confirming receipt of cargo for shipment and defining the terms of transport. It serves as proof of cargo ownership.
Trade term: the seller bears costs up to the ship's rail; the buyer takes over after that.
Trade term: price includes the cost of goods, insurance, and freight to the destination port.
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