The meaning of EXW, FOB, CIF trade terms

- Jan 04, 2018 -

The meaning of EXW, FOB, CIF trade terms


EXW refers to the delivery of the factory. The seller is not responsible for the customs declaration, the freight, the insurance and so on. The buyer is responsible for the delivery of the goods.

FOB is the FOB price, from Ann before the freight, customs and other cash received the seller, over the string by the buyer to pay duty

CIF refers to the price of the bank, which is charged by the seller before the arrival of the bank. After the freight is insured, the buyer is responsible for the discharge


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