Hi AMZReader, no matter where you are with your business, I want to help you to be excellent in what you do.
Today, how about a sourcing quiz? 😊
- FOB: the supplier is responsible for delivering goods to the ocean port and responsible for export clearance;
- EXW: you are responsible for picking up goods from the factory to the ocean port or airport and responsible for export clearance.
Which one you should choose?
I have made a detailed training video in the Mastermind© course to explain exactly which term to choose – to help students save money. Yes, you can save money if you know which term to choose properly.
Right now, I can tell you this: if you are buying a full container load – using EXW term is cheaper than using FOB term. For the small loads of LCL shipments, you are better off with FOB term.
Want to learn more sourcing and make more profits?