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We normally work with the following Price (or delivery) Terms.

EXW - EX Works

EXW means that we (seller) have the goods ready for collection at our premises (Works, factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination.

FOB - Free on board (named loading port)

FOB is normally used for sea freight, it includes the printing cost plus custom/documents expenses happens before the goods leave from departure port. We load the goods on board and clear the goods for export. 

CFR – Cost and Freight (named destination port)

We (seller) pay the costs and freight to bring the goods to the port of destination. However, risk is transferred to the buyer once the goods are loaded on the ship.

CIF - Cost, Insurance and Freight (named destination port)

Exactly the same as CFR except that the seller must in addition procure and pay for insurance for the buyer. Maritime transport only.

DDU – Delivered Duty Unpaid (destination place)

This term means that the seller delivers the goods to the buyer to the named place of destination in the contract of sale. The goods are not cleared for import or unloaded from any form of transport at the place of destination. The buyer is responsible for the costs and risks for the unloading, duty and any subsequent delivery beyond the place of destination. However, if the buyer wishes the seller to bear cost and risks associated with the import clearance, duty, unloading and subsequent delivery beyond the place of destination, then this all needs to be explicitly agreed upon in the contract of sale.

 

 

 

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