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Your first source

for financing

and investment

insights

RaqamyahRaqamyah
18 July 2024
10 Min
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Your first source for financing and investment insights

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To better support our partner ecosystem, we’ve enhanced our co-branding feature by enabling customers and partners to self-serve, making it easier than ever to create a personalized platform experience that reflects your brand.

Man growing investment chart

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To better support our partner ecosystem, we’ve enhanced our co-branding feature by enabling customers and partners to self-serve, making it easier than ever to create a personalized platform experience that reflects your brand.

Table of Contents:

  • 1. What Are Incoterms?
  • 2. Reasons to adopt Incoterms in Global Trade
  • 3. What do Incoterms define?
  • 4. The 3 Most Common Incoterms You Should Learn About
  • 5. Other Incoterms to Acknowledge
  • 6. Incoterms related to Sea and Inland shipping

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Reasons to adopt Incoterms in Global Trade

Incoterms are essential in global trade for several reasons. They:

  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
Incoterms Growth Illustration

EXW – Ex-Works or Ex-Warehouse

EXW, or Ex-Works, is one of the most basic Incoterms. In an EXW agreement, the seller makes the goods available at their premises or another designated location. The buyer is responsible for all transportation costs, customs clearance, and assumes the risk from the moment the goods are handed over. The seller's obligation is fulfilled once the goods are made available.

Reasons to adopt Incoterms in Global Trade

Incoterms are essential in global trade for several reasons. They:

  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
  • Tick
    Provide a common language by establishing a shared understanding between buyers and sellers, enabling smooth communication and reducing.
Cost & Trade Visual

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To better support our partner ecosystem, we’ve enhanced our co-branding feature by enabling customers and partners to self-serve, making it easier than ever to create a personalized platform experience that reflects your brand

quote

“To make every import/export as smooth and cost-effective as possible, while ensuring an unparalleled customer experience. We know that the world of import-export can becomplex and full of challenges. This is why we do not we don’t just offer you logistical”

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