GlossaryDefinition
What Does Ex Works Mean in Shipping? A 5-Minute Guide
Ex works in five minutes: what EXW means, when risk passes to the buyer, who loads and clears export, and how the term compares with FCA and FOB.
By Nourin Tabassum7 min read
Topic
shipping terms
4 articles
GlossaryDefinition
CIF Full Form in Shipping and How It Appears on Invoices
CIF stands for Cost, Insurance and Freight. This glossary page shows how the full form is written in contracts, quotations and invoices, and how the CIF value is built.
By Nourin Tabassum7 min read
GlossaryDefinition
What Does an EXW Price Include? Cost Breakdown With a Real Example
An EXW price covers only the goods at the factory. This guide breaks down what it includes and excludes, who pays for each step, and how the full cost builds up in a worked example.
By Nourin Tabassum7 min read
GlossaryDefinition
FOB Free On Board: Meaning, Costs, Risks and a Chattogram Example
FOB (Free On Board) explained under Incoterms 2020: what the price includes, when risk passes on board, how FOB compares with CIF and EXW, and a worked Chattogram example.
By Naim Islam18 min read