The Exporter and Importers may use latest version of Inco Terms 2020 for movement of their goods. Click here to read the content of Incoterms 2020, easily explained
The information provided here is part of Guide on howtoexport and import
After reading this article, you can also read 12 tips to Seller on CIP terms of Delivery How to get export order from foreign buyers?
How to differentiate CIP and Ex works?
What is the difference between CIP and Ex works?
As per Inco terms, CIP means, Carriage and Insurance Paid (up to the named destination mentioned). Ex Works (EXW) means that the seller has the goods ready for collection at his premises at named destination mentioned on the date agreed up on mutually.
The detailed articles on Ex works and CIP with simple language have been mentioned in this web blog separately. I suggest you to read these articles on CIP and Ex works, so as to enable you to have a clear idea on these shipping terms.
What is Ex works terms in shipping? What are the responsibilities of buyer and seller under Ex works terms? How do CIP terms work? What are the obligations of buyer and seller under CIP terms?
For your immediate reference, I give below web links on CIP and Ex works separately below.
Also read 12 tips to Seller on CIP terms of Delivery
Detailed articles about Inco Terms of Delivery under export and import of International business have been mentioned in separate category – INCO TERMS – in this web site. You can click here to read.
The above articles clearly explain about Ex-works and CIP.
I hope, you have satisfied with the difference between CIP and Ex works explained easily. Do you have different thought on difference between CIP and Ex works?
The above information is a part of Online export import training guide
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