Understanding EX Works (EXW) in Shipping Terms EX Works (EXW) is an Incoterm that places maximum risk and responsibility on the buyer. Under this agreement, the seller is only required to make the goods available at their own premises, such as a ware...
FCA is an Incoterm that stands for Free Carrier. Under this agreement, the seller’s responsibility is to deliver the goods to a designated “Named Place”—typically a port or terminal—and handle all export-related procedur...
CIF is an Incoterm that stands for Cost, Insurance, and Freight. Under this agreement, the seller assumes responsibility for all three components. In international transactions, the seller manages the export process and shipping arrangements up to th...
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