{"id":180,"date":"2023-07-17T08:18:10","date_gmt":"2023-07-17T08:18:10","guid":{"rendered":"https:\/\/china-docshipper.uiart.io\/en\/2024\/12\/26\/what-do-exw-fob-cif-mean-in-alibaba\/"},"modified":"2025-02-16T04:07:32","modified_gmt":"2025-02-16T04:07:32","slug":"exw-fob-cif-alibaba","status":"publish","type":"post","link":"https:\/\/china.docshipper.com\/en\/logistics\/exw-fob-cif-alibaba\/","title":{"rendered":"What do EXW, FOB & CIF mean in Alibaba?"},"content":{"rendered":"\t\t
If you’re new to the world of international trade, the terms EXW, FOB, and CIF might seem a bit confusing.<\/p>
These acronyms stand for several trade terms that specify the obligations of buyers and sellers in cross-border transactions.<\/p>
It’s important to understand what these terms mean if you’re planning to buy from a supplier on Alibaba.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
The parameters of a deal between a buyer and a seller are identified by a three-letter code called an incoterm. It details who bears the cost and risk of shipping goods and the point at which responsibility is shifted.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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EXW<\/b>, or <\/span>Ex Works<\/b>, is a trade term that places <\/span>the most responsibility<\/b> on <\/span>the buyer<\/b>.<\/span><\/p> Under <\/span>EXW, the seller<\/b> is only required to make the goods available at their premises.<\/span> All costs and risks<\/b> related to transporting the items from the seller’s facilities to the ultimate location are <\/span>the buyer’s responsibility.<\/b><\/p> This means that <\/span>the buyer<\/b> is responsible for making arrangements for the products to be picked up from <\/span>the seller<\/b>‘s location as well as for handling any paperwork and <\/span>customs clearance<\/b><\/a> procedures.<\/span><\/p> EXW<\/b> is a common trade word on <\/span>Alibaba<\/b> and is frequently used for items that are large, heavy, or challenging to transport.<\/span><\/p> Make sure to account for all <\/span>additional fees and obligations<\/b> related to transporting <\/span>the products<\/b> to their final destination if you are purchasing goods on <\/span>Alibaba<\/b><\/a> under <\/span>EXW conditions<\/b>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Consider yourself a <\/span>buyer<\/b> trying to buy a lot of t-shirts from a <\/span>manufacturer on Alibaba<\/b>.<\/span><\/p>\n The supplier posts the t-shirts for sale on <\/span>Alibaba<\/b> and offers EXW conditions.<\/span><\/p>\n You agree to purchase the t-shirts under these terms, and the <\/span>supplier<\/b> provides you with the address of their warehouse where the t-shirts will be made available for pick-up.<\/span><\/p>\n A freight forwarder is then hired to pick up the t-shirts from the supplier’s warehouse and deliver them to your location.<\/span><\/p>\n As the buyer, the expenses and dangers of transporting the items from the supplier’s warehouse to your location, including the documentation and procedures for <\/span>customs clearance<\/span>, are all your responsibility.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\tExample of how EXW works on Alibaba\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
How do you set up an Ex Works shipment on Alibaba?\n<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t