EXW sets the minimum obligation of the seller. The seller delivers the goods to the place mentioned (factory, workshop, warehouse, etc.). The buyer bears all costs and assumes the risks associated with receiving the goods (including transportation, insurance and other expenses). The seller delivers the goods on board the ship in the shipping port. The seller bears all the risks and damage until the goods are shipped into the shipping port. The seller must take out, at his own expense, freight insurance agreed in the contract in order to allow the buyer or any other person holding an insurable interest in the goods to assert a right directly with the insurer and to provide the insurer with the insurance policy or other proof of insurance coverage. The seller bears the cost of shipping and transport to the aforementioned destination port. The seller must bear the risk of loss or deterioration of the goods until they are on board the ship in the shipping port. The seller, with the exception of freight, must bear all costs and costs resulting from loading and unloading the goods and make available all the necessary documents for export.
Under D/A, the buyer can receive the shipping documents from the collection bank after properly accepting the project. This only applies to the calendar. This will be very much served on the buyer, but it means much more risk to the seller, because once he has delivered the shipping papers, he will have lost his title on the merchandise. Import-export conditions A number of small and medium-sized enterprises need independent distributors to buy and distribute their products. This may be agreed for a foreign importer operating as a trader or for an exporter who appoints a foreign distributor as a foreign importer. Below are important areas to focus on in each distribution contract. – when the agent, with the consent of the principal, cedes his rights and obligations under that contract to another person. maker. The order must not contain a shipping date of less than – than the date on which the order is sent to the manufacturer. Once the order is received, the manufacturer will refuse or accept the order in writing within a period of time and will inform the distributor of its decision in accordance with the section of this agreement. Manufacturing has the sole discretion to determine whether it will accept such an order. Before receiving the order, the distributor can cancel the order without further commitment.
After the acceptance of an order, it becomes a binding agreement between the distributor and the manufacturer, the distributor agreeing to buy products indicated on the seller, delivers the goods and invoice in the port mentioned next to the ship. The name FAS obliges the seller to clear the goods before being exported by customs. However, if the parties want the seller to ship the goods for export, they must make that clear in the sales and sale agreement. This term is used exclusively for maritime and continental transport. The first offer is rarely accepted It is rare for the importer to accept the exporter`s first offer and, normally, this first offer is followed by a series of counter-offers sent between the exporter and the importer until each party declares itself satisfied with the terms of the final offer and agrees to comply. You have to be clear and precise, whatever the export contract, you have to be careful in the wording of this document, because it is established between companies from countries that may have very different legal systems, regulations and attitudes towards business.