2025年1月6日 · Under Incoterm Ex Works (EXW), the seller is only required to make the goods available for pickup at the seller’s business location or another specified location. Under EXW, the buyer assumes ...

In many respects this Incoterm has replaced FOB in modern usage, although the critical point at which the risk passes moves from loading aboard the vessel to the named place. The chosen place of delivery affects the obligations of loading and unloading the goods at that place.

2025年1月8日 · This infographic states each Incoterm and explains obligations and charges that are accepted by the buyer and seller.

Each Incoterm rule specifies the seller’s obligations for cargo delivery and clarifies when delivery takes place. Each rule also specifies when the risk of loss or damage to the goods being exported pass from the seller to the buyer by reference to the delivery provision.

Every Incoterm defines the following responsibilities and obligations: Point of delivery – This section outlines where the goods will be transferred from the seller to the buyer. The responsible party for transportation costs – The section defines which party will cover the freight costs.

Incoterms ¶ International Commercial Terms Rules¶. The Incoterms® rules or International Commercial terms are a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC) widely used in international commercial transactions.

Each INCOTERM is a code represented by three letters and a location. E terms refer to situations where the buyer can access the goods at the seller’s premises, while F terms involve the seller delivering the goods to a carrier. With C terms, the exporter arranges the shipping of the goods but isn’t responsible for damage.