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export import bank (EXIM bank). Government or semi-government agency which commonly provides insurance cover to exporters against losses from non-payment by the importers, as a means to promote the country's foreign trade.
Ex Works (EXW) and Free on Board (FOB) are Incoterms used to describe situations where sellers deliver goods. Ex Works describes the situation where the seller is responsible for having the goods ready at her place of business. Free on Board is a situation where the seller is obligated to deliver the goods. Although these terms are similar, responsibilities and obligations are delegated to different parties in EXW and FOB. Ex Works specifies that the seller of goods is responsible for making the products readily available for pickup at the location where she conducts business for the buyer.