INCOTERMS EXW(Ex-Works). Explained Advantage and Disadvantage of Exporter & Importer's point of view

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When you use EXW, what kind of benefit you will get? This video explained the advantage and disadvantage of each Exporters and Importers point of view.
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• INCOTERMS EXW(Ex-Works...
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・About CFR/CIF/CPT/CIP
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【Profile】
Shinya Iino
15 years experience in business development in Asia and South East Asia. Marketing and Sales specialist in especially Logistics field.
Over 5,000 TEU Monthly volume for export and import in our Group company in Thailand.
・Established Forwarding Company in Thailand.
・Achieved THB 7.5 million ordinary income in the first year.
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・Strong communication skill with Japanese, English and Thai language.
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[@KuroNeko-gp8kh]

Thanks a lot, im leaning import-export. Your video help me understand incoterm very clear

[@logisticsyoutuberiinosan2358]

Thank you for your comment! You are Welcome!

[@Allamanda_Cathartica]

thank you so much, how joyful am I when I suddenly see your channel on youtobe.

[@logisticsyoutuberiinosan2358]

It's my pleasure😄

[@yoon9521]

イーノさん、始めまして 🙏🏻
Next year I will be working in a freight forwarding company, I have no prior experiences nor am I familiar with this industry.
Currently I'm learning about logistics from books borrowed from the company and your channel.
Actually I'm also learning Japanese, so I found your channel to be really helpful 🙏🏻

[@logisticsyoutuberiinosan2358]

Yoonさん、はじめまして。
Thank you for your comment! It is very good motivate for me!
Hope your new job will be good.

[@internationaltrade485]

Thanks for your information and support

[@logisticsyoutuberiinosan2358]

It's my pleasure 😄

[@luminitamarianabob1759]

Very informative! Tahnk you so much for sharing! 😊

[@lerneninverschiedenenforme7513]

I understand, that "Ex-works" describes "a way of handling" the process. However, ex-works has a price, so my understanding must be wrong.
What does the price of ex-works mean? What services from the seller does it include?

[@logisticsyoutuberiinosan2358]

As for the price in EXW,
Consignee has to take all.
Pick up(transportation) from the shipper
Export customs clearance
Export side port charges
Ocean freight
Import side port charges
Import customs clearance
Delivery(transportation) to Consignee

[@lerneninverschiedenenforme7513]

@@logisticsyoutuberiinosan2358 But if Ex-works describe, that the consignee is responsible, why would there be a price on it? E.g. wouldn't the consignee be in charge to find a freight company and decide the price?

[@logisticsyoutuberiinosan2358]

Yes. if EXW, Cnee is responsible for all about logistics. Shipper cannot put the price/profit on anything about logistics. Cnee can find and arrange the forwarder and export side shipping company as well and can decide the price. I explained like this on the video.

[@lerneninverschiedenenforme7513]

@@logisticsyoutuberiinosan2358 Thank you for the clearification. So if the sender puts a price on ex-works, it's probably just a "suggestion" on much all those things are probably going to be.

[@christinalafaber5060]

Thank . Supportive

[@logisticsyoutuberiinosan2358]

You are welcome!

[@arunachalamarunachalam6111]

Thank you for sharing your knowledge in creative way. 🤝✌️👏

[@logisticsyoutuberiinosan2358]

It's my pleasure😆

[@logisticsyoutuberiinosan2358]

If you want to learn about INCOTERMS Ex-Works more clearly, please check this link.
forwarder-university.com/training-exw/

[@JevaughnGraham123]

So my question is, i bought something from China and it being shipped via Ex-works to Miami USA, so i will need to contact DHL, UPS or a company like FedEX to make clearance and make finaly delivery? Does Ex-work delivery gets held at a customs warehouse?

[@logisticsyoutuberiinosan2358]

it depends on the cargo. but most of the case, courier service such as DHL, UPS, Fedex will support customs clearance for you.

[@85mdelara]

@@logisticsyoutuberiinosan2358 so does this mean if I use these carriers I’m protecting myself under the EXW terms?

[@ahmarhussain8720]

great video

[@logisticsyoutuberiinosan2358]

Thanks!!

[@faqihothman]

Hi. Where are u from?

[@camillecammie2488]

Radom

[@killennemy6]

Great content - Thank you very much

[@logisticsyoutuberiinosan2358]

Thank you!