Glossary entry (derived from question below)
English term or phrase:
all prices are quote on Ex warehouse
English answer:
Ex warehouse: INCO term. Ownership transfers from seller to buyer at exit of seller's warehouse. Shipping+ins.->buyer's charge.
Added to glossary by
Ariser
Dec 11, 2003 13:34
20 yrs ago
19 viewers *
English term
all prices are quote on Ex warehouse
English
Bus/Financial
Business/Commerce (general)
business
all prices are quote on Ex warehouse
Responses
Responses
+2
6 mins
Selected
ex warehouse
INCO term
Ownership is transferred from seller to buyer at exit of seller's warehouse. Shipping and insurance from the seller's warehouse are the responsibility of and at charge of the buyer.
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Note added at 8 mins (2003-12-11 13:42:54 GMT)
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http://www.iccwbo.org/incoterms/wallchart.asp
http://www.jus.uio.no/lm/icc.incoterms.1990/doc.html
Ownership is transferred from seller to buyer at exit of seller's warehouse. Shipping and insurance from the seller's warehouse are the responsibility of and at charge of the buyer.
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Note added at 8 mins (2003-12-11 13:42:54 GMT)
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http://www.iccwbo.org/incoterms/wallchart.asp
http://www.jus.uio.no/lm/icc.incoterms.1990/doc.html
4 KudoZ points awarded for this answer.
Comment: "Graded automatically based on peer agreement."
+1
6 mins
Costs of transport from warehouse borne by client or will be extra
Is this the issue in question here?
Reference:
6 mins
buyer is responsible for all costs on the way from warehouse to client
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Note added at 7 mins (2003-12-11 13:41:46 GMT)
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This includes transport, customs, insurance, etc.
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Note added at 7 mins (2003-12-11 13:41:46 GMT)
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This includes transport, customs, insurance, etc.
7 mins
without transport or insurance etc
The price of the good just includes the good. You have to pick it up at the warehouse or pay an additional amounts for transport etc.
+1
9 mins
EXW - Ex Works - Ex Warehouse
EXW or Ex Works or Ex Warehouse or Ex [LOCATION] is a very normal trade term.
Price quoted on EXW basis means that the seller will make the goods available at his physical location, or stock or warehouse and you the buyer will have to take care of the shipping and handling by himself.
One step further than this, we have the FOB , FOA or FOT (Freight on board, air, truck , train ) price quotations which means the seller takes the goods from their actual location and brings them to a port, airport or rail station. He will board the goods but the buyer will take care of it from here including the shipping costs.
C&F or FCA which stands for cost and freight would then be the case that seller takes care of shipment to your desired end desintation. Therefore we could say that :
EXW is a basic price
EXW + handling = FOB
FOB + freight cost = C&F to any place that you may wish.
Please refer to official INCOTERMS publications which have complete glossaries.
Price quoted on EXW basis means that the seller will make the goods available at his physical location, or stock or warehouse and you the buyer will have to take care of the shipping and handling by himself.
One step further than this, we have the FOB , FOA or FOT (Freight on board, air, truck , train ) price quotations which means the seller takes the goods from their actual location and brings them to a port, airport or rail station. He will board the goods but the buyer will take care of it from here including the shipping costs.
C&F or FCA which stands for cost and freight would then be the case that seller takes care of shipment to your desired end desintation. Therefore we could say that :
EXW is a basic price
EXW + handling = FOB
FOB + freight cost = C&F to any place that you may wish.
Please refer to official INCOTERMS publications which have complete glossaries.
Reference:
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