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EXW Trade Terms-Shipping Terms-EXW International

by:VIPUTRANS     2020-06-01
In trade terms, EXW (EX works), translated as: factory delivery (designated place), this term is the trade term with the least obligation of the seller. EXW trade terms mean that when the seller delivers the goods to the buyer for disposal at the location or other designated location (such as a factory or warehouse), that is, the delivery is completed, the seller does not go through the export customs clearance procedures, and does not need to load the goods on Means of transportation. If both parties want the seller to be responsible for loading the goods at the time of shipment and bear all the costs and risks of loading the goods, it must be clearly stated in the sales contract. When the buyer cannot directly or indirectly handle export procedures, the term should not be used, but FCA should be used if the seller agrees to load the goods and bears the costs and risks. EXW meaning In trade terms, EXW (EX works), translated as: factory delivery (designated place), this term is the trade term with the least obligation of the seller. EXW trade terms mean that when the seller delivers the goods to the buyer for disposal at the location or other designated location (such as a factory or warehouse), that is, the delivery is completed, the seller does not go through the export customs clearance procedures, and does not need to load the goods on Means of transportation. If both parties want the seller to be responsible for loading the goods at the time of shipment and bear all the costs and risks of loading the goods, it must be clearly stated in the sales contract. When the buyer cannot directly or indirectly handle export procedures, the term should not be used, but FCA should be used if the seller agrees to load the goods and bears the costs and risks. Buyer and seller obligations Seller ’s obligations: 1. The seller must provide goods and commercial invoices or equivalent electronic messages that meet the requirements of the sales contract, as well as any other evidence that the contract may require to prove that the goods comply with the contract. 2. You must pay the cost of the inspection required to hand over the goods to the buyer for disposal 3. Must provide the packaging required by the seller for the transportation of the goods (such as the mode of transport and destination) known by the seller before the contract is signed (unless in accordance with the relevant industry practice, the goods referred to in the contract usually do not require packaging, the packaging should be Mark appropriately.) 4. The goods that have not been placed on any transport vehicle must be handed over to the buyer at the designated place according to the date or time period agreed in the contract, or if the date or time period is not agreed, and at the usual time for the delivery of such goods. If a specific delivery point is not agreed within the designated place, or there are several delivery points available, the seller can choose the delivery point that best suits his purpose in the delivery place. 5. At the buyer ’s request and at his own risk and expense, the seller must provide the buyer with all assistance to complete the customs formalities to help the buyer obtain the export license or other official license required for the export of the goods. Buyer obligations: 1. The buyer must pay the price in accordance with the sales contract. Obtain any export and import licenses or other official licenses at your own risk and expense, and go through all customs procedures for the export of goods when customs procedures are required. 2. The buyer is required to pay all customs duties, taxes and other fees payable for the export of the goods, as well as the fees for customs procedures. 3. In accordance with regulations bear all risks when the goods are lost or damaged
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