Incoterms 2000 and the Contracts of Sale - Trade terms constitute only a part of the contract of sale. While the contract of sale determines the quantity and quality of the goods and the price that should be paid for them; trade terms deal with questions relating to the delivery of the goods both from the standpoint of the transfer of risks and the physical delivery.

Inco Terms Detail - "Ex Works" means the seller delivers when he places the goods at the disposal of the buyer at the seller's premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. This term thus represents the minimum obligation for the seller, and the buyer has to bear all costs and risks involved in taking the goods from the seller's premises.

[ The file above requires the Adobe Acrobat Reader plugin ] [ Click here to download the free plugin ]