Master 13 crucial trade terms with our comprehensive guide. Elevate your expertise and navigate the business landscape with confidence. The following is a classification and definition of the 13 trade terms in the International Chamber of Commerce (ICC) International Commercial Terms (Incoterms), which summarizes the evolution of terms and the latest adjustments in different versions […]
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Comprehensive guide to EXW, FOB, CFR, CIF, and DDP in international trade—differences, risk allocation, 2025 updates, and real-world case studies. In global trade, clarity on responsibilities, costs, and risks between buyers and sellers is essential. The Incoterms® rules, published by the International Chamber of Commerce (ICC), provide a standardized framework to avoid disputes and streamline
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Learn everything about EXW in shipping: meaning, EXW vs FOB, Incoterms 2025 updates, and how to calculate EXW fees with real-world examples. What Does EXW Mean in Shipping? EXW, short for Ex Works, is one of the most fundamental Incoterms (International Commercial Terms) used in global trade. Under EXW, the seller’s responsibility is minimal: they
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