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EXW (named place)
“EXW” 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. works, 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 the buyer has to bear all costs and risks involved in taking the goods from the seller's 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 sale. This term should not be used when the buyer can not 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.
Seller's Primary Duties
- Package and mark goods for export
- Make the goods available at named place of delivery (seller may select most convenient point)
- Prepare Documents
- Commercial invoice
- Transport Document
Buyer's Primary Duties
- Take possession of the goods at named place of delivery
- Make all arrangements at his own cost and risk to bring the goods to country of destination
- Provide export clearance, including preparation of export declaration and obtain export license (when applicable)
- Pay cost for any required pre-shipment inspection
- Arrange import clearance, including import license (when applicable)
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