SOLO World Partners
Certified: IATF 16949 | ISO 14001 | FTZ | C-TPAT | R.O. | IMMEX | Bonded
INCO Term
Conversion
EXW to DDP
The manufacturer receives payment within a fixed period from the Bill of Lading date (e.g., BOL + 90 days), while the customer accesses locally stored inventory and purchases it based on their agreed NET payment terms and conditions.
PROBLEM
1). Manufacturers Focus on Production – They aim to create high-quality widgets, not manage supply chain pricing volatility.
2). Freight Forwarding Costs – Using freight forwarders is expensive, impacting overall logistics costs.
3). Critical Certifications – Customs, trade, and tariff certifications like IMMEX and FTZ are essential but rare.
4). Warehouse Costs – Outsourcing warehouse space and labor is costly, adding financial strain.
5). Technical Program Management – Managing supply chain programs requires skilled engineering staff for efficiency.
6). Payment Timing Gap – Manufacturers need payment at a set time after shipping, but customers pay only upon receiving parts.
7). Pre-Financing Requirement – A third party must cover the manufacturer's payment before the customer is ready to pay.
8). Bilingual Program Management – Native bi-lingual professionals are crucial for seamless operations across regions.
9). Advanced Technology – AI, web portals, dashboards, and automation improve visibility and decision-making.
10). Affordable QC & Rework Services – Quality control, inspection, rework, and repair at competitive pricing are essential.
SOLUTION
1). Manufacturers Focus on Production – Let SOLO manage the global supply chain while manufacturers concentrate on making high-quality widgets at a lower total delivery cost.
2). Reduced Freight Costs – SOLO books directly with ocean vessels and trains, avoiding costly freight forwarders and saving money.
3). Certified Trade Expertise – SOLO is certified in FTZ and IMMEX, ensuring smooth customs, trade, and tariff compliance.
4). In-House Warehousing – SOLO owns and operates its warehouses, eliminating expensive outsourcing costs.
5). Technical Program Management – SOLO’s team includes engineering graduates and global business experts for efficient supply chain execution.
6). Bridging the Payment Gap – SOLO pays manufacturers upfront, ensuring financial stability before customer payments are received.
7). Pre-Financing Advantage – SOLO absorbs financial risk by covering supplier payments ahead of customer transactions.
8). Bilingual Program Management – SOLO’s native, multilingual team facilitates seamless international operations.
9). Cutting-Edge Technology – SOLO leverages AI, web portals, dashboards, and automation to enhance supply chain visibility and decision-making.
10). Affordable QC & Rework Solutions – SOLO provides cost-effective quality control, inspection, rework, and repair services to maintain high product standards.
SOLO's Advantage
Horizontal Integration
Ocean Vessels Direct, SOLO Owned Warehouses in Multiple Countries, FTZ / IMMEX Certifications, Customs Brokering, SOLO (cloud) ERP system Ownership, IATF Certification, Experienced employees, Technical employees, ... more
Ex Works (EXW)
Ex Works (EXW) INCOTERM means the seller makes goods available at their premises, and the buyer handles all transport, export duties, and costs. The buyer assumes full risk and responsibility once goods leave the seller’s location.
Delivered at Place (DAP)
Delivered at Place (DAP) INCOTERM means the seller handles transportation and delivery to an agreed location. The buyer covers import duties and taxes upon arrival. Risk transfers once goods are ready for unloading at the destination.
Delivered Duty Paid (DDP)
Delivered Duty Paid (DDP) INCOTERM means the seller manages transportation, customs clearance, duties, and final delivery to the buyer’s location. The buyer receives goods fully cleared without additional costs, as the seller assumes all shipping risks and expenses.
Tariff
SOLO adjusts the PC price tariff in a systematic, formula-based manner within the PC price charged to the end customer, as SOLO does not engage in speculation, hedging, or gambling on U.S. tariff policies.
Tariffs - Identifying Job Scope Risk
If the customer seeks to clearly define and include tariff or duty risks within the Job Scope at the start of the contract with SOLO, SOLO must be given the chance to evaluate and price this risk appropriately, enabling the customer to make an informed decision based on the risk-to-price ratio.
Tariff Risk Insurance - Third-party financial institutions offer insurance products to address fluctuations in duties and tariffs, which the customer may explore if interested.