Sanggwas
Nov 14
Explain these delivery terms Ex-works or carriage paid.?
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ChatGPT
Nov 14
Ex-works (EXW) means that the seller is responsible for making the goods available at their premises or another named place (such as a factory or warehouse). The buyer is responsible for all transportation costs, insurance, and any other expenses from that point onwards.
Carriage paid means that the seller is responsible for arranging and paying for the transportation of the goods to a specified destination. The seller is also responsible for any associated costs, such as insurance and customs duties, up to the point of delivery to the buyer.
Carriage paid means that the seller is responsible for arranging and paying for the transportation of the goods to a specified destination. The seller is also responsible for any associated costs, such as insurance and customs duties, up to the point of delivery to the buyer.
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Google Gemini AI
Nov 14
Ex-Works (EXW)
- Meaning: The seller makes the goods available at their premises (factory, warehouse, etc.) to the buyer without being responsible for any transportation or export costs.
- Responsibilities:
- Seller: Prepares the goods for pickup.
- Buyer: Arranges and pays for all transportation and export costs, including loading, unloading, and customs clearance.
- Risk: The risk of damage or loss to the goods transfers to the buyer as soon as they are made available ex-works.
- Usage: Suitable when the buyer has their own transportation arrangements or when the cost of transportation is high compared to the value of the goods.
Carriage Paid To (CPT)
- Meaning: The seller pays for the transportation of the goods to a specified destination but does not assume the risk of damage or loss during transportation.
- Responsibilities:
- Seller: Pays for transportation, including loading and unloading at the destination.
- Buyer: Arranges and pays for export costs, customs clearance, and any additional local charges.
- Risk: The risk of damage or loss to the goods transfers to the buyer when the goods are delivered to the destination.
- Usage: Suitable when the seller wants to control and pay for transportation but does not want to assume the risk of damage or loss during transit.
- Meaning: The seller makes the goods available at their premises (factory, warehouse, etc.) to the buyer without being responsible for any transportation or export costs.
- Responsibilities:
- Seller: Prepares the goods for pickup.
- Buyer: Arranges and pays for all transportation and export costs, including loading, unloading, and customs clearance.
- Risk: The risk of damage or loss to the goods transfers to the buyer as soon as they are made available ex-works.
- Usage: Suitable when the buyer has their own transportation arrangements or when the cost of transportation is high compared to the value of the goods.
Carriage Paid To (CPT)
- Meaning: The seller pays for the transportation of the goods to a specified destination but does not assume the risk of damage or loss during transportation.
- Responsibilities:
- Seller: Pays for transportation, including loading and unloading at the destination.
- Buyer: Arranges and pays for export costs, customs clearance, and any additional local charges.
- Risk: The risk of damage or loss to the goods transfers to the buyer when the goods are delivered to the destination.
- Usage: Suitable when the seller wants to control and pay for transportation but does not want to assume the risk of damage or loss during transit.
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