What is Ex-factory terms in Imports and Exports


In international trade, the term "Ex-factory" refers to the price of a product that is quoted by a seller, not including any additional costs such as transportation, insurance, or duties. This means that the price quoted is the price of the product at the factory or place of production, and does not include any costs associated with getting the product to the buyer. This type of pricing is often used when the buyer and seller are located in different countries and the buyer is responsible for arranging and paying for transportation of the goods.



How to calculate CBM in LCL export shipments


CBM stands for cubic meters, which is a unit of volume. To calculate CBM for LCL (less than container load) export shipments, you need to know the dimensions (length, width, and height) of the cargo in meters and then multiply them together to get the volume in cubic meters. For example, if the length of the cargo is 2 meters, the width is 1 meter, and the height is 1.5 meters, the CBM would be calculated as follows:


CBM = 2 x 1 x 1.5 = 3 cubic meters


It's important to note that the dimensions of the cargo must be measured in meters to get an accurate CBM calculation. If the dimensions are in inches or another unit of measurement, you'll need to convert them to meters first.


Here is the formula for calculating CBM:


CBM = Length (m) x Width (m) x Height (m)


I hope this helps! Let me know if you have any other questions.