General

In the international trade world, various agreements are made between sellers and buyers regarding the delivery terms of goods. Import delivery terms determine when responsibilities and risks are transferred between parties during trade transactions. EXW (Ex Works) EXW is the most basic delivery term where the seller prepares and presents the goods at the designated […]

Navigating through the terms when purchasing automotive spare parts can be confusing. One of the commonly encountered terms is aftermarket, OE, followed by OEM and OES. OE Parts (Original Equipment) The term OE, or Original Equipment, refers to parts produced by the original equipment manufacturer of the vehicle. These parts are identical to the components […]