A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
EXW (Ex Works)
EXW definition in shipping
EXW, or Ex Works, is one of the Incoterms (International Commercial Terms) published by the International Chamber of Commerce (ICC). It defines the responsibilities of buyers and sellers in international transactions. Under EXW terms, the seller fulfills their obligation by making the goods available for pickup at their premises (factory, warehouse, etc.). The buyer assumes all risks and costs associated with transporting the goods from the seller’s location to the final destination.
Does EXW include shipping?
No, EXW does not include shipping. The buyer is responsible for all transportation costs, export duties, and risks from the point of collection onward. The seller's responsibility ends once the goods are made available at their premises.
EXW vs. FOB
FOB (Free On Board) is another Incoterm where the seller's responsibility extends until the goods are loaded onto the vessel for shipment. In contrast, under EXW, the seller's responsibility ends when the goods are made available at their premises. FOB includes more seller responsibilities than EXW, such as loading the goods onto the shipping vessel and clearing them for export.
EXW vs. FCA
FCA (Free Carrier) is similar to EXW but with a crucial difference. Under FCA, the seller is responsible for delivering the goods to a specified location, typically a transport terminal or the buyer’s carrier. The seller also handles export customs clearance. EXW places the least responsibility on the seller, while FCA requires the seller to handle more logistics up to the handover point.
EXW vs. DDP
DDP (Delivered Duty Paid) represents the opposite end of the spectrum from EXW. Under DDP, the seller bears all risks and costs associated with delivering the goods to the buyer’s location, including shipping, insurance, and import duties. EXW requires the buyer to handle all these responsibilities, while DDP places them entirely on the seller.