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What is the difference between exw and fob ?

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Question ajoutée par Ahmed Boboo , Import Coordinator , kib
Date de publication: 2016/06/24
Muhammad Kamran khan
par Muhammad Kamran khan , Logistics Manager , Root Group Arabia

Ex Works (EXW) and Free on Board (FOB) are Incoterms used to describe situations where sellers deliver goods.

Ex-Works ,Here the buyer appoints a shipping and freight forwarding company to collect goods from the seller’s factory to the buyers place including insurance of goods.

FOB means Freight on Board or Free On Board. If terms of delivery of a transaction is on FOB, the cost of movement of goods on board of Airlines or on board of ship is borne by the seller.

 

Rami TAHAN
par Rami TAHAN , Project Manager , Automobile & Touring club of the UAE

EXW: the seller is required to make goods ready for pickup at his or her own place of business. All other transportation costs and risks are assumed by the buyer.

FOB: means that the seller pays for transportation of the goods to the port of shipment, plus loading costs. The buyer pays cost of marine freight transport, insurance, unloading, and transportation from the arrival port to the final destination.

Utilisateur supprimé
par Utilisateur supprimé

Both FOB AND EX-WORKS is part of so called "incoterms" that is used in international trade to specify the responsibility of the buyer and seller. 

FOB stands for FREE ON BOARD it means that the responsibility of the seller until the goods arrived at the port of destination while the ex-works is the responsibility of seller until the goods successfully put in the container of the respective courier.

SAJIV KALLATT
par SAJIV KALLATT , Business Support Specialist, Air & Sea /Procurement / Pricing Specialist & Pricing Project Logistics , DSV Global Transport and Logistics

Ex work means cargo movement door to door & FOB port to door service

Jibu Jacob Joseph
par Jibu Jacob Joseph , Finance executive

In EXW we have to collect the material from suppliers door step where in FOB  the supplier will deliver the goods to our shipping agent. 

Muhammad Salman Bashir Salman
par Muhammad Salman Bashir Salman , Procurement and Logistics executive , Shaaban Steel Company Ltd

Ex Works (EXW) and Free on Board (FOB) are Incoterms used to describe situations where sellers deliver goods. Ex Works describes the situation where the seller is responsible for having her goods ready at her place of business. Free on Board is a situation where the seller is obligated to deliver her goods.

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