FOB is the abbreviation of Free On Board, also known as free on board and delivery on board. Usually, when the goods cross the ships rail at the designated port of shipment, the exporter has fulfilled its delivery obligation.
EXW, short for EX Works, is called Ex - Works (named place). Usually, the exporter has fulfilled its obligation to deliver the goods when it places the goods at its business premises or other designated places (factory, warehouse) for the importer to take delivery.
Can FOB terms in a foreign trade contract be changed to FIC later? This article provides in-depth interpretation of the flexibility in foreign trade freight settlement, helping you understand why post-contract changes are feasible and how to easily handle various changes and challenges in foreign trade.
Under the EXW (Ex - Works) terms, the seller has the minimum liability, and the buyer bears all transportation risks and costs. So, in actual operation, how to ensure smooth delivery and avoid additional liabilities? Understand the key processes and precautions for EXW shipments.
Deeply understand the calculation of FOB bulk cargo prices, including ex - factory costs, domestic transportation and export costs, and explore the relationship between FOB and LCL surcharges to ensure the smooth progress of international trade.
Under FOB terms, master the skills of collecting final payments. Through strategies such as clarifying the contract, communicating in advance, and telex release of the bill of lading, ensure the safety of funds and maintain the enterprises cash flow.
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