Import Regulatory - Inco Terms

        The Incoterms rules or International Commercial terms are a series of        pre-defined commercial terms blished by the International Chamber of       Commerce (ICC) that are widely used in International commercial
     transactions or Procurement processes. A series of three-letter trade terms
    related to common contractual sales practices, the Incoterms rules are   intended primarily to clearly communicate the tasks, costs, and risks
  associated with the transportation and delivery of goods.

         The Incoterms rules are accepted by governments, legal authorities, and       practitioners worldwide for the interpretation of most commonly used terms in     international trade. They are intended to reduce or remove altogether   uncertainties arising from different interpretation of the rules in different countries. As such they are regularly incorporated into sales contracts worldwide.
Departure (Group E)
      EXW – EXW means Ex Works and is followed by a named place, for      example EXW Dallas. EXW means the seller’s responsibility is to    make  the goods available at the seller’s premises. The seller is not  responsible for loading the goods on the vehicle provided by the  buyer, who then bears the full cost involved in bringing the goods from there to the desired destination.

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