CARM: What all importers need to know about CARM

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Terminology

E

EXW, Ex Works

Under EXW Incoterms, the seller delivers when they place the goods at the disposal of the buyer at the seller’s premises or another named place (i.e: ex works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. (For a complete list of Incoterm definitions including a chart of buyer and seller responsibilities, see Universal’s Incoterms 2010.)

Quick Tip #38
How cultural differences affect international business transactions

CREEEPSS is an acronym that stands for Culture, Religion, Education, Economics, Environment, Politics, Social and Special characteristics.

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