The term “FOB” stands for “Free On Board” and is used in international trade to indicate the point at which the seller’s responsibility for the goods ends and the buyer assumes ownership and liability. FOB pricing typically refers to the cost of the goods at the point of shipment, excluding transportation and other related costs. It means that the seller is responsible for the costs and risks associated with delivering the goods to the agreed-upon port of shipment, and the buyer is responsible for the costs and risks of transporting the goods from that point onwards.
To determine the specific FOB price of a product, you would need to consult with the seller or the supplier. The FOB price can vary depending on various factors such as the product, quantity, location, and market conditions. It is important to clarify with the seller whether the FOB price includes any additional charges or if there are any specific terms and conditions associated with the transaction.
If you have a specific product or trade inquiry, I would recommend reaching out to the supplier or seller directly to obtain the most accurate and up-to-date FOB pricing information.
The term “EXW” stands for “Ex Works” and is an international trade term that defines the seller’s minimum obligations regarding the delivery of goods. EXW pricing means that the seller makes the goods available at their premises or another agreed-upon location, and the buyer is responsible for all transportation and related costs, as well as assuming all risks from that point onward
Under EXW terms, the seller’s responsibility is limited to ensuring that the goods are available for the buyer to pick up at the agreed-upon location. The buyer is responsible for arranging transportation, handling all export and import formalities, and assuming any risks or costs associated with the shipment
When discussing the price of goods using EXW terms, it usually refers to the cost of the goods at the seller’s premises or agreed-upon location. It does not include any additional charges such as packaging, loading, transportation, insurance, or any other costs incurred in the process of delivering the goods to the final destination.
It’s important to clarify all the details and responsibilities associated with an EXW transaction with the seller or supplier to avoid any misunderstandings or unexpected costs. Additionally, it’s advisable to consult with a freight forwarder or logistics professional to ensure a smooth and efficient transportation process