Sourcing & Product Marketing
Procurement & Logistics
E-Terms
E-term: (departure)
EXW (Ex Works):
The seller fulfills his obligation to deliver to the buyer when he has made the goods available at his premises (i.e. works, factory, warehouse, etc).
The buyer bears all risks in taking the goods from the sellers premises to the desired destination.
Thus, this term represents a minimum obligation for the seller. So in the price paid by the buyer to the seller are included:
EXQ (Ex Quay):
Ex Quay means that the seller makes the goods available to the buyer on the quay (wharf) at the destination named in the sales contract. The seller has to bear the full cost and risk involved in bringing the goods there. There are two "Ex Quay" contracts in use:
EXS (Ex Ship):
"Ex Ship" means that the seller will make the goods available to the buyer on board the ship at the destination named in the sales contract. The seller bears all costs and risks involved in bringing the goods to the destination.
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