shipping

Incoterms 2020: Which One to Choose?

Incoterms define who pays for shipping, insurance, and customs in international trade. Understanding them is crucial for African exporters. ## Common Incoterms Explained ### EXW (Ex Works) **Seller responsibility ends at**: Seller's premises **Best for**: Experienced buyers with logistics capability **Cost**: Lowest for seller ### FOB (Free on Board) **Seller responsibility ends at**: Port of shipment **Best for**: Sea freight, bulk commodities **Cost**: Seller covers export customs and loading ### CIF (Cost, Insurance, Freight) **Seller responsibility ends at**: Destination port **Best for**: Buyers wanting simple pricing **Cost**: Seller covers shipping and minimum insurance ### DDP (Delivered Duty Paid) **Seller responsibility ends at**: Buyer's door **Best for**: Buyers wanting hassle-free delivery **Cost**: Highest for seller, includes all duties ## Gloseg Recommendations | Order…