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Guidelines to using Incoterms:
Always specify which terms are applicable
- i.e. FAS in Incoterms 2000 as apposed to Incoterms 1990
When completing documents, ensure that you are using the correct format of a term. The term C+F has never existed. Urge your trading partners to confirm their acceptance to the specified term in writing. Draw up a check list of your duties and rights under the selected term and check that every intended or completed transaction conforms to this list and that nothing is omitted. Request that your trading partner do the same and exchange this information with them. Change or add nothing but in any event as little as possible to the selected term. In case of any inevitable change or addition, inform your trading partner and request them to accept it in writing. Never instruct carriers or any third party to do or omit anything on the basis of the Incoterms which do not apply to them at all. Ex Works
Ex means from - Works means factory, mill or warehouse
(which is the sellers premises). EXW applies to goods available only
at the sellers premises.The buyer is responsible for loading the goods on a truck or container at the sellers premises and for all the subsequent costs and risks. In practice, it is not uncommon that the seller loads the goods on a truck or container at the sellers premises without charging a loading fee. If there is more than one loading area at the sellers premises the seller has the option to designate any one of them for loading. Some manufacturers may use the term Ex Factory which means the same as Ex Works. |
