Ex Works vs. FOB An Ex Works agreement differs from a Free-on-Board (FOB) agreement, in which the seller covers the cost of getting its goods to a shipping terminal and pays all the customs costs ...

Ex Works, also known as Ex Works (named place of delivery), or EXW, ... FOB terms are only available on sea freight shipments, and basically mean the seller is responsible for costs up to the point ...

In 2020, the ICC issued its latest set of Incoterms, which consists of seven terms that apply to any mode of transport: EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage ...

Ex Works (EXW) A transaction in which the seller's only responsibility is to make the ordered goods available to the buyer at the seller's premises.

Importing under FOB terms will mean that you pay your supplier more than you might under another arrangement – such as buying Ex Works. That’s because what you’re buying from the supplier includes not ...