International Trade Risks and Prevention Strategies under EXW Terms
Introduce the potential risks and solutions in international trade under the EXW terms, as well as how to safely manage the issues of advance payments and final payments.
Trade Terms | Obligations to be Fulfilled by Buyers and Sellers under EXW
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.
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Does the seller need to bear the warehousing fee under the EXW terms? The liability division you may have overlooked!
Under the EXW terms, the seller only needs to deliver the goods at the factory. Then, who should bear the subsequent transportation and warehousing fees? When the customer requires the goods to be delivered to a designated warehouse, how to clarify the responsibilities? This article takes you to deeply analyze the distribution principles of warehousing fees under the EXW terms to avoid unnecessary cost disputes.
EXW shipping process: How to avoid liability disputes and ensure smooth delivery?
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.
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