What is Ex Factory Price?

Ex-Factory pricing is a term you might come across while doing business with overseas partners and customers. We will also look at the difference between Ex-Works and Ex-Factory. Both of…

Continue Reading What is Ex Factory Price?

Incoterms

The Incoterms ® are a set of trade/trade rules used by the International Chamber of Commerce (ICC) in international sales contracts. The Incoterms are not binding rules – to obtain…

Continue Reading Incoterms

What are Incoterms?

Incoterms are rules for international trade that have been developed by the International Chamber of Commerce. These rules are used in international sales contracts. The term Incoterms, comes from "international…

Continue Reading What are Incoterms?

Air freight Incoterms 2020

Airfreight Incoterms Incoterms is short for international commercial terms that are reference all over the world when doing cross border trade. These terms define the liabilities, responsibilities and cost allocation…

Continue Reading Air freight Incoterms 2020

Incoterms: Frequently Asked Questions

In this article we look at all the frequently asked questions about Incoterms. You may also like our comprehensive article and relevant diagrams explaining the 2020 version of the terms…

Continue Reading Incoterms: Frequently Asked Questions

FCA vs EXW

FCA and EXW form part of Incoterms® 2020. Both these terms are very similar. Both of these terms can be used for any mode of transport. However, there are some…

Continue Reading FCA vs EXW

Incoterms 2020 Introduction For Traders

What are Incoterms® 2020? Incoterms is short for international commercial terms. These were first published by the International Chamber of Commerce (ICC) in 1936. The ICC publishes updates to the…

Continue Reading Incoterms 2020 Introduction For Traders