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Shipping Glossary
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Shipping Glossary
Export BrokerAn individual or firm that joins together buyers and sellers for a fee but does not take part in actual sales transactions |
Export DeclarationA government document permitting designated goods to be shipped out of the country |
Export LicenseA government document which permits the “License” to engage in the export of designated goods to certain destinations |
Export RateA rate published on traffic moving from an interior point to a port for transshipment to a foreign country |
Export Trading CompanyA firm that buys domestic products for sale overseas. A trading company takes title to the goods |
Export-Management CompanyA private firm that serves as the export department for several manufacturers, soliciting and transacting export business on behalf of its clients in return for a commission, salary, or retainer plus commission |
Express B/LNon-negotiable where there are no printed copies of original B/L |
EXSEXIGENCY SURCHARGE |
EXW (Ex Works)The seller fulfills the obligation to deliver when the goods are made available at the seller!/s premises (works, factory, warehouse, etc.) to the buyer. In particular, the seller is not responsible for loading the goods in 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 |
F.O.B.Free on Board. Shipped under a rate that includes costs of delivery to and the loading onto a carrier at a specified point |
