Information International rules and organizations Incoterms 2000 [iNKOTERMS 2000] Term E

The term "E" - INCOTERMS 2000

EXW

"E"- the term imposes a minimum obligation on the seller: the seller must only place the goods at the disposal of the buyer at the agreed place - usually at the seller's own premises. On the other hand, as often happens in practice, the seller often helps the buyer to load the goods onto the vehicle provided by the buyer.

Although the termEXWwould reflect this better if the seller's obligations were extended to include loading, it was decided to retain the traditional minimum seller's obligation principle under the terms of the termEXWso that they can be used for cases where the seller does not want to accept any obligation regarding the loading of the goods. If the buyer wants the seller to do more, this should be specified in the sales contract.


 

 
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