Trade Terms
Incoterms (also known as trade terms or terms of shipment) clarifies the tasks, responsibilities, risks, and costs involved in the delivery of goods in domestic and international trade. Both sellers and buyers need to look into the options of the trade terms that are more favorable to his or her own needs and expenses. Here we detail the basics of common Incoterms such as EXW, FOB, CIF, DDP, and more to help you determine which one is right for you.
CIF vs. FOB: What's the difference?
As a wholesaler, shipping agreements play a huge role in your sales and distribution process.…
Delivered At Place (DAP)
In this article, we’re going to discuss what is “Delivered At Place (DAP)”, including some…
How to use RFQ? A detailed guide with examples
The B2B procurement process can be extensive. But if you find yourself at the point…
Delivered Duty Paid (DDP)
What is the Incoterm “Delivered Duty Paid” (DDP)?A Delivered Duty Paid (DDP) shipping agreement is…
Incoterms Guide
What are Incoterms?Shipping goods across borders can be tricky. There are so many factors to…
Understanding Incoterms: Free Carrier (FCA)
Here we’re reviewing the Incoterm “Free Carrier” or “Free Carrier Agreement,” abbreviated as FCA.What is…
Understanding Incoterms: Free on Board (FOB)
Here we’re reviewing the Incoterm “Free on Board,” abbreviated as FOB.What is the Incoterm “Free on…
Understanding Incoterms: Ex Works (EXW)
“Incoterms” is an abbreviation for “International Commercial Terms.” These are published by the International Chamber…
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