Freight incoterms are the standard contract terms used in sales contracts while importing/exporting to define responsibility and liability for shipment of the goods.
In plain English: How far along the process will the supplier ensure that the goods are moved? And at what point does the buyer take over the shipment process?
FOB (Free on Board) & EXW (Ex Works) are the most familiar incoterms but there’s much about these and the other options to learn. These terms can be confusing or easily misunderstood. Making the wrong choice might turn your shipment into an expensive nightmare.
We at EGL MARITIME have created an easy to understand chart to quickly give you the tools to make the right choice for your next shipment. Please click this link for more details and contact EGL MARITIME for your next international move.