Demystifying Incoterms EXW ExWorks What Is EXWORK Incoterms Explained

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=FKvTnmoxp_k

Welcome to my channel. Today, we're delving into the realm of international trade and logistics as we demystify one of the fundamental Incoterms rules: EXW, also known as Ex-Works. • 00:09 What is the ex-works? • 00:56 What are the advantages and disadvantages of using EXW? • 01:41 What are the challenges when export clearance is under EXW? • 02:06 Who pays for shipping on EXW? • 02:35 What does EXW pricing mean? • 03:13 Who is responsible for insurance when using EXW? • 03:35 What is the primary drawback of using EXW for the buyer? • 04:02 What are the seller's responsibilities in using EXW? • I explained why you should not use L/C for EXW shipment in my earlier video on What are Incoterms and Letters of Credit ? Learn more, click the link below: • • Incoterms Explained: What Are Incoter... • Incoterms Unveiled: Navigating Global Trade with Shipping Revisit • ============================= • The Incoterms® Rules are protected by copyright owned by ICC. Further information on the Incoterm® Rules may be obtained from the ICC website [insert hyperlink]. Incoterms® and the Incoterms® 2020 logo are trademarks of ICC. Use of these trademarks does not imply association with, approval of or sponsorship by ICC unless specifically stated above. • For additional information and resources on the Incoterms® rules and to purchase the full text of the Incoterms® 2020 rules, visit the ICC website: • https://iccwbo.org/resources-for-busi... • =============================

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