Ex Works enables the buyer to take control of the transport, it’s mode and associated costs such as cargo insurance and is one of the most common incoterms of sale used globally.
EXW – EX WORKS
The seller places the goods at the disposal of the buyer.Normally all costs occurring from the sellers loading platform are for the account of the buyer, who is responsible for selecting the carrier, mode of transport, carriage, insurance, export and import clearance and all other risks and costs, after the goods have crossed the exporters dock.
The seller however still has to attend to certain tasks and criteria to ensure the smooth transit of cargo and clearance at destination. Read more.....
Couriers – why they dominate the logistics scene
Several lessons can be learned from the strategic policies implemented by couriers by their collective response to the changing face of business practices, “just in time” deliveries, and rapidly changing IT technology. ...... market exposure and enormous growth in the small package and document transfer industry by providing very fast transit times and super competitive rates, the couriers had phenomenal growth and a massive cash flow injection starting in the 1980’s and 1990’s. Read More
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Selling DDP to Canada
At the root of every commercial sale is Incoterms.
Know them and your sale as well as your shipment has one of the vital blueprints in place. It’s not rocket science but well worth knowing. DDP, Delivered Duty Paid (named place) is one of the most well used incoterms for companies that are seeking to place their products in overseas location to buyers who do not want to have anything to do with the transportation and customs clearance of that product.
Setting this up right however can be a bit tricky and there are several points to consider.
When shipping a product, one could automatically assume that the carrier is completely liable for any damage or loss. Not so.
Even with the greatest care and attention, cargo is subject to many risks during transport involving several factors. ................The risk of transporting cargo therefore is fair and square regardless of the mode, the owner’s risk and not the carrier’s. This principle is thousands of years old and holds true today. Read More See this in video
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