What is Ex Works (EXW)
Definition: Ex Works (EXW) is an international trade term that defines the responsibilities, costs, and risks…
What is CIP (Carriage and Insurance Paid To)
Definition: CIP, or Carriage and Insurance Paid To, is an international trade term that outlines the…
What is Customs clearance?
Revenue Collection: Customs duties and taxes collected during the clearance process are a significant source of…
What is CIF (Cost, Insurance, and Freight)
Definition: CIF, or Cost, Insurance, and Freight, is a widely used international trade term that specifies…
What is Delivered Duty Paid (DDP)?
Transparency: DDP terms offer clarity and transparency to both parties involved in the transaction. The buyer…
What is Tariff?
Trade Regulation: Governments utilize this charge as a tool to control and oversee the movement of…