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.

When you are a part of the global trading community, you will need to know about ‘incoterms’. In common parlance, incoterms are a set of guidelines that define buyers’ and sellers’