Incoterms - Glossary of Freight Related Terms (Freight Experts in India)

Incoterms or International Commercial terms are a series of international sales with terms, published by International Chamber of Commerce (ICC) and widely used in international commercial transactions. These are accepted by governments, legal authorities and practitioners worldwide for the interpretation of most commonly used terms in international trade. This reduces or removes altogether uncertainties arising from different interpretation of such terms in different countries. Scope of this is limited to matters relating to rights and obligations of the parties to the contract of sale with respect to the delivery of goods sold. They are used to divide transaction costs and responsibilities between buyer and seller and reflect state-of-the-art transportation practices.


Group E – DepartureEXW – Ex Works (named place)
The seller makes the goods available at his premises. The buyer is responsible for all charges.
This trade term places the greatest responsibility on the buyer and minimum obligations on the seller. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included.

EXW means that a seller has the goods ready for collection at his premises (Works, factory, warehouse, plant) on the date agreed upon.
The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination.

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Sahyog Group

Contact Person: Mr.Rajeev Sharma
+91-9811157957
Address: 102 & 104 ABC Complex,
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Delhi – 110 092, India
Phone Nos: 011- 22015854, 011-2201 5855, 011-2201 5856
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E-mail: raj@sahyogfreight.com