• Incoterms Chart

    The latest International Commerce Terms as published By the ICC.

    Incoterms Chart & Description

    EXW-Ex works

    The seller makes the goods available at his/her premises. The buyer is responsible for uploading. This term places the maximum obligation on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included. EXW means that a seller has the goods ready for collection at his premises (works, factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination. The seller does not load the goods on collecting vehicles and doesn't clear them for export. If the seller does load the goods, he does so at buyer's risk and cost. If parties wish seller to be responsible for the loading of the goods on departure and to bear the risk and all costs of such loading, this must be made clear by adding explicit wording to this effect in the contract of sale.

    Below is the Services and Named place of delivery :

    Services Named place of destination
    Export-Customs declaration Buyer
    Carriage to port of export Buyer
    Unloading of truck in port of export Buyer
    Loading charges in port of export Buyer
    Carriage (Sea Freight/Air Freight) to port of import Buyer
    Unloading charges in port of import Buyer
    Services Named place of destination
    Insurance Buyer
    Loading on truck in port of import Buyer
    Carriage to place of destination Buyer
    Import customs clearance Buyer
    Import taxes Buyer