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What is the difference between Ex Works and Free on Board? Ex-works (EXW) indicates a contractual clause widely used in international sales. It is one of the commercial conditions, developed by the International Chamber of Commerce (ICC), recognized worldwide and known as "incoterms".  ‘Incoterms’ (International commercial terms)...

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Incoterms, short for “international commercial terms”, is a term used in the field of import and export to indicate a set of commercial terms universally valid to define the rights and duties of all the parties involved when import or export some products.  Normally the subjects...