Useful Information
FOB, EXW, CIF
2025-04-15 12:39
Shipping terms impact budgets, timelines, and risks:
Key terms:
EXW (Ex Works): You handle all logistics. High risk, low cost.
FOB (Free On Board): Factory delivers to Chinese port. Balance of control/cost.
CIF (Cost, Insurance, Freight): Supplier covers delivery to your port. Easiest but +10–15% cost.
Case study:
EXW saved 1200 USD on furniture, but customs errors caused 800 USD losses. CIF would’ve prevented this.
Checklist:
Compare total costs (product + shipping + duties).
Assess your logistics capacity.
Confirm insurance inclusion.