> #economy , #transport , #exports > What are the responsibilities of the exporter under the following incoterms: -FAS?FOB?CIF?ExW? ?
Anonymous
Jun 5, 2023

What are the responsibilities of the exporter under the following incoterms: -FAS?FOB?CIF?ExW? ?

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Anonymous
Jun 5, 2023

Under different Incoterms, the responsibilities of the exporter vary. Here are the responsibilities of the exporter under the following Incoterms:


FAS (Free Alongside Ship):

  • The exporter is responsible for delivering the goods alongside the vessel at the named port of shipment.
  • The exporter is responsible for clearing the goods for export.
  • The exporter is responsible for all costs and risks until the goods are placed alongside the ship.


FOB (Free On Board):

  • The exporter is responsible for delivering the goods on board the vessel at the named port of shipment.
  • The exporter is responsible for clearing the goods for export.
  • The exporter is responsible for all costs and risks until the goods are loaded onto the ship.


CIF (Cost, Insurance, and Freight):

  • The exporter is responsible for delivering the goods on board the vessel at the named port of shipment.
  • The exporter is responsible for clearing the goods for export.
  • The exporter is responsible for arranging and paying for transportation to the port of destination.
  • The exporter is responsible for obtaining insurance coverage for the goods during transportation to the port of destination.
  • The exporter is responsible for providing a commercial invoice, packing list, and insurance documents to the buyer.


ExW (Ex Works):

  • Ex Works does not place significant responsibilities on the exporter.
  • The exporter is responsible for making the goods available at their own premises (factory, warehouse, etc.).
  • The exporter is responsible for packaging the goods.
  • The exporter assists the buyer in obtaining export licenses or other necessary documentation if required.


It's important to note that the responsibilities may vary based on the specific agreement between the exporter and the buyer. It is recommended to refer to the exact terms and conditions mentioned in the sales contract or the chosen Incoterm version for precise details.

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