International Trade Terms

What is FOB?
2025-03-12
FOB is an international trade term where the seller’s responsibility ends once goods are loaded onto a ship at the specified port of shipment. The buyer assumes all costs (freight, insurance, import taxes) and risks after the goods cross the ship’s rail.
What is EXW?
2025-03-12
EXW is the least seller-responsible term in international trade under INCOTERMS®, where the seller’s obligations end once goods are made available at their premises (e.g., factory/warehouse). The buyer assumes full responsibility for all costs (transportation, insurance, import/export taxes) and risks from the moment goods are picked up.
What is DDP?
2025-03-12
DDP is the most comprehensive seller-responsible term in international trade under INCOTERMS®. It requires the seller to cover all costs (shipping, insurance, import duties, VAT, etc.) and risks for delivering goods directly to the buyer’s specified destination. The buyer only needs to receive the goods at the destination.
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