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What kinds of trade terms do you support?

What kinds of trade terms do you support?

Oct 09, 2023

As a professional manufacturer with rich export experience, we accept all trade terms for your convenience, here are some common trade terms:

 

1. EXW (Ex Works) : Ex Works means that the seller will prepare the goods for delivery in his own factory or warehouse, and the buyer shall bear the costs and risks of delivery, transportation and insurance of the goods.

 

2. FOB (Free On Board) : FOB means that the seller delivers the goods to the designated port of shipment, including shipping charges and export customs clearance procedures, but excluding sea transportation charges and destination port customs clearance procedures.

 

3. CIF (Cost, Insurance and Freight) : means that the seller is responsible for transporting the goods to the port of destination and bears the transportation and insurance costs of the goods, but does not include the customs clearance procedures at the port of destination.

 

4. DDP (Delivered Duty Paid) : Delivery price before tax means that the seller is responsible for transporting the goods to the destination designated by the buyer and bears all expenses and responsibilities, including transportation, insurance, customs clearance procedures and customs duties.

 

5. DAP (Delivered at Place) refers to the delivery of goods by the seller to the place designated by the buyer, but excludes customs clearance procedures and customs duties.

 

6. CFR (Cost and Freight) : The cost and freight means that the seller is responsible for transporting the goods to the port of destination and bears the transportation costs of the goods, but does not include insurance costs and customs clearance procedures at the port of destination.

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