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EXW
EX WORKS(... named place)
?Ex works means that the seller delivers when he places the goods at the disposal of the buyer at the seller s premises or another named place ( i. e. was, factory, warehouse, etc. ) not cleared for export and not loaded on any collecting vehicle.
This term thus represents the minimum obligation for the seller, and tile buyer has to bear all costs and risks involved m taking the goods from the sellers premises.
However, if the parties wish the seller to be responsible for the loading of the goods on departure and to bear the risks and all the costs of such loading, this should be made clear by adding explicit wording to this effect in the contract of sale1 . This term should not be used when the buyer cannot carry out the export formalities directly or indirectly. In such circumstances, the FCA term should be used, provided the seller agrees that he will load at his cost and risk.
ATHE SELLERS OBLIGATIONS
BTHE BUYERS OBLIGATIONS
A1 Provision of goods in conformity with the contract
The seller must provide the goods and the commercial invoice, or its equivalent electronic message, in conformity with the contract of sale and any other evidence of conformity which may be required by the contract.
B1 Payment of the price
The buyer must pay the price as provided in the contract of sale.
A2 Licences, authorisations and formalities
The seller must render the buyer, at the latters request, risk and expense, every, assistance in obtaining, where applicable2 , any export licence or other official authorisation necessary for the export of the goods.
B2 Licences, authorisations and formalities
The buyer must obtain at his own risk and expense any export and import licence or other official authorisation and carry out,where applicable3 all customs formalities for die export of the goods.
A3 Contracts of carriage and insurance
a) Contract of carriage No obligation4.
b) Contract of insurance No obligation5.
B3 Contracts Of carriage and insurance
a)?
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