Navigating the Nuances of Delivery Terms: Decoding EXW vs. DAP
In the intricate world of international trade and logistics, the terms “EXW” and “DAP” often appear interchangeably, leading to confusion among individuals seeking to understand the distinct responsibilities and costs associated with these crucial delivery terms. While both EXW and DAP represent standardized incoterms (International Commercial Terms) defined by the International Chamber of Commerce (ICC), they differ in the point at which ownership of goods transfers from the seller to the buyer and the corresponding division of transportation costs and risks....