Tag List for EXW

The easiest explanation of Incoterm EXW(EX Works)! The detail of the deal condition and cargo risk responsibility.

Logistics Column

Video Animation About EXW Aspects of EXW? EXW (EX Works) is one of the abbreviations called INCOTERMS that indicate the terms and conditions of trade. What is EXW? ・EXW is the least burdensome trade condition for sellers! INCOTERMS(International Commercial Terms) has 11 kinds of trade conditions, but EXW is the least burdensome and least risky condition for the seller. Delivery location of cargo that stated in EXW ・Delivery is completed at the seller’s factory or warehouse. Loading is also done by the buyer In EXW, the seller delivers the cargo to the buyer on their premises, such as a factory or warehouse. EXW stated for the seller only needs to […]

Explained Incoterms with illustration. Necessary knowledge for Logistics job

Logistics Column
FOB

It is Incoterms that you must understand as long as you are a person who works not only in forwarders but also in the logistics department of manufacturers and trading companies. There are 11 items in Incoterms, but this time I would like to explain the 6 items used frequently. Animation Movie – 6 Basic INCOTERMS What is Incoterms? Incoterms is the definition of trade terms negotiated by the International Chamber of Committee. In trade transactions, the seller and buyer must firmly agree on conditions such as fare, insurance premiums and risk burden. This must not be inconsistent depending on the language and the countries so that we use internationally […]

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