The difference between FOB and EXW terms

- Jun 19, 2020-

FOB is the delivery on the ship at the port of shipment, that is, the seller is responsible for delivering the goods to the port of shipment, and bears all the costs and risks before the goods are loaded on the ship, and is also responsible for export customs declaration, and bears the customs declaration fees and commodity inspection related to the export customs declaration. Fees and other expenses.


EXW means that the seller delivers in his own factory or warehouse, that is, the seller only bears all the costs and risks before loading the goods on the transportation means sent by the buyer. When the goods are loaded on the transportation means sent by the buyer, the risks and expenses are all The buyer is responsible, and the seller is not responsible for export declarations. Therefore, EXW is the trade term with the least risk and expense for the seller.