FCA – Free Carrier … (Place at Origin) • Seller delivers the goods cleared for export to the nominated carrier at the named place. The buyer must nominate the carrier. • If the place of delivery is at the sellers premises, seller must load the goods. If delivery takes place in a different place, the […]
EXW – Ex Works … (named place) • The seller responsible to place the goods at disposal of the buyer at seller’s facilities or any other named place. • EXW terms do not obligate the seller to clear exports or load goods into the collecting vehicle. • The seller has minimum obligation and buyer must […]
• Incoterms (an acronym for International Commercial Terms) established in 1936 by the International Chamber of Commerce (ICC). • Incoterms is a series of pre-defined commercial terms published by the International Chamber of Commerce (ICC). • The use of Incoterms in International Trade is widespread today. • One of the first initiatives of the International […]