EXW (Ex works) means that the seller fulfils his obligation to deliver when he has made the goods available at his premises (i.e. works, factory, warehouse, etc) to the buyer. In particular, he is not responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed. The buyer bears all costs and risks involved in taking the goods from the seller s premises to the desired destination. This term thus represents the minimum obligation for the seller. The following EXW price calculation is based on the following formula:
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Please show me and explain how my insurance premium will be calculated for my exported cargo (low value and robust) which has been sold on a DDP basis to be exported via airfreight. FOB value of the cargo is $100 000.00, EXW value is $95 000.00 CIF value is $110 000.00.
Please show me AND explain how my premium would be calculated for my imported cargo (high value and fragile) which has been purchased on an EXW basis to be imported via FCL Ocean freight. FOB value of the cargo is $100 000.00, EXW value is $95 000.00 CIF value is $110 000.00.
can someone please assist with the above i am not sure what value to use? to work out the premium of i think marine insurance ???
Hi, if palletised cost part of the incoterm EXW and bear by seller?
as per example above, I am still uncertain how to calculate ex-works price in Rand value, I desperately need assistance in this regard.
I am not sure what to insert in the fields as per the explanation in the above-mentioned paragraph.
at least simply explain the EXW price calculation formula as indicated above.
your assistance in this matter is highly appreciated.