Traditional Culture Encyclopedia - Traditional culture - What are the main trading methods of foreign trade export?
What are the main trading methods of foreign trade export?
Details are as follows:
EXW (ex works): ex works (designated place). It means that the seller delivers the goods from the factory (or warehouse) to the buyer. Unless otherwise specified, the seller is not responsible for loading the goods on the car or ship arranged by the buyer, and does not go through the export customs declaration procedures. The buyer shall bear all costs and risks from the delivery of the goods from the seller's factory to the final destination.
FOB: Free on board (named port of shipment). This clause stipulates that the seller must deliver the goods to the ship designated by the buyer at the designated port of shipment within the shipment period stipulated in the contract, and bear all costs and risks of loss or damage of the goods until the goods cross the ship's rail.
CIF (Cost, Insurance and Freight): Cost, insurance and freight (named port of destination) means that the seller must deliver the goods to the ship at the named port of destination within the shipment period stipulated in the contract, bear all expenses and risks of loss or damage before the goods cross the ship's rail, handle freight insurance, pay insurance premium, and be responsible for chartering and booking shipping space and paying normal freight from the port of shipment to the port of destination.
There are FCA, DDU, DDP and so on.
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