What is the difference between EXW and FOB?????

Difference Between FOB and EXW.

1. The concept is different.

EXW is one of the international ** terms, which refers to the delivery of goods when the seller places them at his place or other designated place (such as a factory, factory or warehouse) at the disposal of the buyer, and the seller does not go through export customs clearance or load the goods on any means of transport.

FOB, also known as free on board, is one of the terms commonly used in international markets. In the case of FOB transactions, the buyer is responsible for dispatching the ship to receive the goods, and the seller shall load the goods on the vessel designated by the buyer within the port of shipment and the specified time limit specified in the contract, and notify the buyer in a timely manner. When the goods are loaded onto the named vessel at the port of shipment, the risk passes from the seller to the buyer.

2. The place and method of delivery are different.

EXW is delivered at work, the place of delivery is the seller's location in the country of export, the risk passes to the buyer, the export tax is borne by the buyer, and any mode of transportation is applicable.

FOB is delivered on board a ship with the place of delivery being the port of shipment of the exporting country. After crossing the ship's side of the ship, the export duty is borne by the seller, and the applicable mode of transport is water transportation.

3. Customs declaration is different.

EXW does not consider tax refunds, FOB is tax refunded. EXW must be paid for any pre-shipment inspections, including those mandated by the relevant authorities in the exporting country. For example, the commodity inspection fee of forensic inspection goods.

At the request and at the buyer's risk and expense, the seller must provide all assistance to the buyer in the event of customs formalities.

Buyer must obtain any export and import licenses or other official permits at Buyer's own risk and expense. When it is necessary to go through customs procedures, and handle all customs formalities for the export of goods. At the request of the Buyer and at its own risk and expense, the Seller must provide all assistance to the Buyer.

To put it simply, it is the difference in the cost of goods after loading on the ship> The sea freight is all the responsibility of the buyer, and other expenses incurred by the port (customs declaration, trailer, booking port miscellaneous charges) exw > ex-factory price (the factory is not responsible for all the costs, i.e. customs declaration, trailer, booking port miscellaneous charges are all responsible for the buyer) FOB > FOB (the factory is responsible for all the costs before leaving the port, including customs clearance, trailer, booking port miscellaneous charges, insurance with insurance, certificate of origin, inspection fees, etc.).

Foreign trade ** way.

2. Ex-Works price (EXW = EX Works): Place of delivery: factory or warehouse in the exporting country; Shipping:

The buyer is responsible; Insurance: The buyer is responsible; Export formalities: the buyer is responsible; Import Procedures:

The buyer is responsible; Transfer of risk: place of delivery; Transfer of ownership: transfer with sale; Foreign trade ** way.

3. FOB = Free on Borad: Place of delivery: port of shipment; Shipping:

The buyer is responsible; Insurance: The buyer is responsible; Export formalities: the seller is responsible; Import Procedures:

The buyer is responsible; Risk transfer: port of shipment; Transfer of ownership: transfer with the delivery of documents;

EXW is Ex Works Relatively low risk compared to FOB EXW is suitable for any mode of transportation Import and export customs declaration The responsibility is borne by the buyer After buying a house and disposing of the goods, the risk is transferred with it FOB The place of delivery is at the port of shipment Suitable for water transportation If you don't understand, you can also ask carefully.

I studied Guomao in college, and now soho

When it comes time to take exams in school, as mentioned upstairs, congratulations, perfect marks.

After the actual work, you will find that the following summary can kill the upstairs in seconds, because even if you remember to roll the melon well, it still won't be used!

Brother summarizes as follows:

FOB = ex-factory unit price of the product + freight to the port of departure + related costs at the port of departure EXW = ex-factory unit price of the product (nothing included!) ）

By extension, international terms are divided into Group E, Group F, Group C and Group D:

Group E (EXW).

Group F (FOB, FCA, FAS).

Group C (CFR, CIF, CPT, CIP).

Group D (DAF, DES, DDU, DDP).

But the only four terms most commonly used in our foreign trade are EXW, FOB, CFR&CIF, and a brief overview of these four terms:

EXW: Ex Works.

FOB: Free on Board (the side of the ship is the point of risk division).

CFR: FOB + Arrival Sea Freight.

CIF: CFR + Insurance (=FOB + Sea Freight + Insurance) If you can understand what I said above, **The terminology is absolutely fine.

The main difference between EXW, FCA and FOB is that the former two are applicable to any mode of transportation, while the latter is only applicable to sea cargo and water transportation; Secondly, the costs and risk allocation points borne by the sellers are different: the cost of EXW is the least, that is, the seller only needs to load the goods on the means of transportation assigned by the buyer in its own factory or warehouse, and all the costs incurred thereafter are borne by the buyer, and the risk is transferred to the buyer; FCA means that the seller bears the cost and risk of transporting the goods to the place designated by the carrier appointed by the buyer, and the subsequent costs and risks are transferred to the buyer; FOB requires the seller to bear the cost and risk of transporting the goods to the designated port of shipment, and after the goods are loaded on the ship, the costs and risks are transferred to the buyer.

EXW: Ex Works.

Place of delivery: the seller's location in the exporting country; Transfer of risk: delivery to the buyer; Export Clearance: Buyer;

Export Tax: Buyer; Applicable shipping methods: Any way.

FOB delivered on board.

Place of delivery: on board the ship at the port of shipment of the exporting country; Transfer of risk: over the side of the ship; Export Clearance: Seller;

Export Tax: Seller; Applicable mode of transportation: water transportation.

1. Differences in meaning.

EXW generally refers to Ex Works, and the term is EX Works in English.

FOB (** term) generally refers to the free on board rate, also known as the "fob". One of the most international terms.

2. Differences in applicable situations.

EXW means that the seller is responsible for delivering the prepared goods to the buyer at its location, i.e., workshop, factory, warehouse, etc., and the buyer bears all the costs and risks of transporting the goods from the seller's location to the intended destination of the source.

FOB means that the buyer must bear all risk of loss of or damage to the goods from that point onwards. This term applies only to sea or inland waterway transport.

3. The difference in the delivery obligation and distribution.

The seller of EXW must place the goods not placed on any transport vehicle at the disposal of the buyer at the appointed place on a date or period agreed in the contract or, if no date or period is agreed, at the usual time for delivery of such goods. If no specific point of delivery has been agreed upon at the place of delivery, or if several points of delivery are available, the seller may select the point of delivery that best suits its purpose at the place of delivery.

The seller of FOB only needs to deliver the goods to the buyer's designated carrier at the designated place and go through the export customs clearance formalities. The place of delivery is the seller's place of residence, and the goods are deemed to have been fulfilled when they are loaded onto the means of transport provided by the carrier appointed by the buyer; When the goods are handed over to the buyer's designated carrier for unloading by the seller's means of transport, the delivery obligation shall be deemed to have been fulfilled, and the seller shall not be responsible for unloading.

The difference between EXW and FOB: The quality of this call is different.

Ex Works (EXW) means that the seller is responsible for delivering the prepared goods to the buyer at its location, i.e. workshop, factory, warehouse, etc., but is usually not responsible for loading the goods onto the vehicle prepared by the buyer or handling the customs clearance of the goods. The buyer bears the entire cost and risk of transporting the goods from the seller's location to the intended destination.

FOB is also known as Free Ship. It is the seller who loads the goods on the carrier designated by the buyer at the port specified in the contract, and bears all the costs and risks until the goods are loaded on the carrier. If other means of transport other than ships are used, they should be indicated separately, such as "delivery on train**", "delivery on truck**", "delivery on airplane**", etc.

Division of responsibilities between FOB and buyer

1. Seller's Liability.

Responsible for loading the goods on the carrier designated by the buyer at the port and date or time limit specified in the contract, sending a notice of loading to the buyer, bearing all the costs and risks before the goods are loaded on the carrier, handling export procedures, paying export taxes, providing visas for the exporting country** or relevant parties, and providing relevant shipping documents.

2. Buyer's Responsibility.

Responsible for chartering and booking, paying freight, and notifying the seller of the ship's name and schedule in a timely manner, and bearing all the risks and costs of the goods after loading on the carrier; Responsible for handling insurance, paying insurance premiums, accepting relevant shipping documents provided by the seller, and paying for the goods; Responsible for receiving the goods at the port of destination, going through import procedures, and paying import taxes.

The above content refers to Encyclopedia - Offshore**.

Encyclopedia - Ex Works.

The difference between FOB and EXW is that one is to harp or weigh the cargo on board, and the other is to deliver the goods at the factory. FOB is one of the terms commonly used in the international market, that is, the ship group is delivered on board (designated port of shipment), which is customarily called free on board at the port of shipment. EXW is one of the international ** terms, which refers to the delivery of goods when the seller hands over the goods to the buyer at his location or other designated place (such as a factory, factory or warehouse), and the seller does not go through export customs clearance or load the goods on any means of transport.

This term is the term for which the seller bears the least liability. The buyer must bear the full cost and risk of receiving the goods at the seller's location.