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China Sourcing FAQ

Can you please explain the incoterms as I am new to importing?

There are quite a few International Commercial Terms pre-defined by the International Chamber of Commerce and used worldwide, and the terms we often come across are EXW, FOB, CFR and DAP.

  • EXW – Ex Works (named place of delivery)
  • FOB – Free on Board (named port of shipment)
  • CFR – Cost and Freight (named port of destination)
  • DAP – Delivered at Place (named place of destination)

What’s inland charge?

Inland charge is the combined costs of bringing the goods to the port of export and completing customs formalities under the trade term of EXW Yiwu. It consists of the following costs:

  • carriage to Ningbo or Shanghai port
  • space booking
  • documentation
  • customs declaration
  • THC – Terminal Handling Charge (unloading and loading fee at the port)

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