The most common trade terms used in retail displays.
Terms of trade are the specific terms and conditions agreed upon by the partners involved in a commercial transaction. These terms usually cover important aspects such as pricing, payment, delivery and other legal requirements governing the exchange of goods or services between businesses. The four most commonly used trade terms in our long retail display export trade are EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance, and Freight), and DDP (Delivered Duty Paid), and this article will describe each of them and the circumstances in which This article will describe each of them and the circumstances in which it is appropriate to use which clause. EXW (Ex Works Delivery) The seller provides the goods at his premises and the buyer is responsible for all costs and risks of loading and transportation. In simple terms, this means that you find a freight forwarder to pull the goods directly from our factory. This clause is appropriate in the following cases. 1. you are familiar with China or have an office in China. 2. you need to compare the prices of various factories. 3. you have a long history of working with a good or affordable freight forwarder. 4. multiple shipments