Ex Works (EXW) and Delivered at Place (DAP) are merchandising and shipping terms used in international trade. They determine who takes the logistical responsibility of the delivery of the goods traded. Incoterms define import-export regulations to avoid confusion between the buyer and the seller.
Overview of Ex Works (EXW), Delivered at Place (DAP), and logistics Incoterms
Ex Works (EXW) is a contract between the buyer and the seller, wherein the seller disposes of the finished goods at their outlet premises, warehouse or factory from where the buyer has to collect the goods. The seller has no obligation or any binding contractual agreement of loading, customs clearing, container booking, cargo insurance, etc. It is also called FOB (Free on Board), and the price would be for only the value of the goods for delivery.
Delivered at Place (DAP) is a delivery system where the seller commits to delivering the goods at the buyer’s destination and is obligated to transport them. The seller must clear all customs and legal formalities (both in the origin country of export and in the importing country if it’s an international consignment). The seller is also required to pay applicable duties and taxes, arrange shipping lines, cargo insurance etc. This comes with higher costs because of additional logistic services involved in the contract.
Incoterms are a set of stipulated international trade practices and guidelines that entangle the buyer and the seller on the logistic side of a trade agreement. There are 11 sets of internationally accepted regulations that govern the responsibilities between the buyer and the seller on the logistic exercise. The major areas of responsibility and obligations are for delivery location, transportation costs, customs, other mandatory legal clearances and the most important, insurance coverage. The framework and guidelines of incoterms are being set by ICC (International Chamber of Commerce).
ECU360 – The all-in-one online global logistics solution provider
ECU360 provides the exit strategy for long, laborious and complicated manual shipping services by offering a simplified online portal for all the logistical needs of the customers on a secure single platform.
ECU360 has a well-programmed API (Application Programming Interface) facilitating customers’ shipping requirements within the portal, allowing different logistical tasks for an integrated service.
They have a wide-ranging portfolio of services that includes schedules, tracking, quotations, tariffs, shipments, shipping directives, incoterms specifications, and invoices.
ECU360 handles both EXW and DAP for the customers, providing door-to-door service.
They offer competitive pricing and great customer care service in the industry.
ECU360 has a presence in many countries and has a service network of over 180 countries, and provides door-to-door deliveries in over 50 countries.
They also provide guidance, documentation and code documents to the customers for access and usage of online platforms.
ECU360 facilitates customer feedback throughout the online process.
They are transparent about their rates.
ECU360 offers easy-to-track and easy-to-trace support.
They provide a great logistical support system for MSMEs to conduct their export-import business with ease and a seamless integrated digital experience.
With ECU360, booking can be done in less than 30 seconds.
Their API platform has the facility to store and save templates intended for recurrent bookings.
ECU360’s technical team ensures that there are no bugs in the API. They help maintain the high stability of the platform.
ECU360 has revolutionized the global logistics industry with API integration applications not just for their customers and freight forwarders but for the whole of the logistics industry at a macro level. ECU worldwide remains the largest LCL (Less than Container Load) consolidator globally. Further, ECU360’s API platform facilitates easy accessibility and reach for small and medium businesses to compete with bigger giants globally. Truly a platform for globalization.