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The ex Works shipment term is still commonly used by exporters from the UK; there are advantages and disadvantages for the seller. On one hand, he does not have the responsibility of sourcing a reliable carrier and paying the freight bills; on the other hand, he is obliged to use the carrier specified by the purchaser, which means he loses control of the transport of his goods. If the freight forwarder or shipping company is unreliable, does not arrive to collect on the appointed day, or damages or loses the goods on a regular basis, this can reflect badly on the seller and on his goods, even if the problem was not caused by him.
On ex Works consignments, the seller only has to make the goods available at his own premises – he has no responsibility for the transport.
Wine companies in Australia may have hit a barrier in getting bottles to China because of excessively tariffs, exports to Hong Kong are booming. Shipments to the city rocketed 111% in the 12 months ended June 30, to A$187 million ...Read More
Tags: Australia, China, exports, Hong Kong
Increases in shipping costs, and the appreciation of the Chinese yuan, both affected the export environment of many Chinese agricultural products. The price of Chinese ginger has reduced in the last few weeks. The Sales manager at Jining Shangzhuo Food ...Read More
Tags: China, exports, Freight Shipping
Australia exported 45 per cent less wine to mainland China in the financial year ending in June. Exports to other markets increased by 12 per cent Britain bought 23 per cent more Australian wine imports, largely due to Covid-19 restrctions ...Read More
Tags: Australia, China, Covid-19, exports
There has been a vast growth in plane conversions from passenger to freighter aircraft (P2F) because of falling passenger numbers due to Covid-19. Before the crisis InsightIQ recorded approx 78,000 freighter flights per month. By December 2020 this had increased ...Read More
Tags: air freight, cargo, Covid-19, freight