Ex Works (EXW)

1. Delivery and Transfer of Risk: The Buyer agrees to purchase the Product from the Seller on an Ex Works (EXW) basis, as defined in the Incoterms 2020 by the International Chamber of Commerce. Accordingly, the delivery of the Product shall be deemed completed when it is made available to the Buyer at the Seller's premises not cleared for export and not loaded on any collecting vehicle.
   
   
2. Buyer’s Responsibilities:
   • The Buyer shall be solely responsible for arranging the collection of the Product from the Seller's premises and for all costs associated therewith.
   • The Buyer assumes all risk of loss or damage to the Product from the time of delivery at the Seller's premises.
   • The Buyer is responsible for executing all export procedures, including obtaining the necessary export licenses, clearances, and handling all customs formalities for the exportation of the Product.
   • The Buyer shall bear all costs and risks associated with transporting the Product from the Seller's premises to the desired destination, including but not limited to transportation charges, insurance, and any duties, taxes, or other charges imposed upon exportation.
   • Certain products sold by the Seller and the related technologies and documentation may be subject to national, foreign, or international trade and export control laws and regulations ("Export Laws"). Circumventing such Export Laws is prohibited, and the Buyer is obliged to comply with them during the exportation, re-exportation, resale, or use of the products. The Buyer may not export or re-export, either directly or indirectly, to any country, entity, or person under sanctions or embargo.
   • If the delivery of the products is restricted or prohibited by Export Laws, the rights and obligations of the Buyer are suspended until the acquisition of the license or the lifting of the export ban, and the contract may be terminated by the Seller without any liability or compensation.
     
     
3. Seller’s Responsibilities:
   • The Seller agrees to make the Product available at its premises or at another named place, ready for collection on the date or within the agreed period.
   • The Seller is not responsible for loading the Product onto the collecting vehicle nor for clearing the goods for export, unless otherwise agreed upon in writing.
   • The Seller shall provide the Buyer, upon request and at the Buyer's cost and risk, assistance in obtaining any documents necessary for the export and/or transport of the Product.
     
     
4. Notices:
   • The Buyer shall provide timely notice to the Seller of the intended pickup date and time to ensure the readiness of the Product for collection.
   • The Seller shall promptly inform the Buyer when the Product is/are available for collection in accordance with the terms hereof.

Carriage and Insurance Paid  To (CIP)

1. Delivery and Transfer of Risk 
2. • The Buyer agrees to purchase the Product from the Seller on a Carriage and Insurance Paid (CIP) basis, as defined in the Incoterms 2020 by the International Chamber of Commerce. Under this term, the Seller is responsible for arranging and paying for the carriage of the goods to the named place of destination. Furthermore, the Seller must also procure and pay for the minimum insurance cover against the Buyer's risk of loss or damage to the goods during the carriage. Risk transfers to the Buyer once the goods have been handed over to the first carrier, not at the destination.
     
     
3. Seller’s Responsibilities
4. • The Seller must arrange and pay for transport and insurance required to bring the Product to the named destination. The risk of loss or damage to the goods, as well as any additional costs after the goods have been handed over to the first carrier, transfers from the Seller to the Buyer.
   • The Seller must also clear the goods for export and provide the Buyer with the shipping documents necessary to prove that delivery has been made, including insurance policy or other evidence of insurance coverage.
   • Upon request, at the Buyer’s risk and expense, the Seller should assist in obtaining any additional documents required by the Buyer for the import of the goods.
     
     
5. Buyer’s Responsibilities
6. • The Buyer assumes all risk of loss or damage to the Product from the time they have been handed over to the first carrier.
   • From this point, the Buyer is responsible for all costs associated with the Product including costs related to any additional transportation beyond the named destination and unloading.
   • The Buyer must manage the import clearance of the goods, including the payment of customs duties, taxes, and other charges imposed upon importation.
   • The Buyer is obligated to adhere to all applicable trade and import control laws and regulations and is prohibited from re-exporting the goods to any sanctioned countries, entities, or persons.
   • If legal compliance issues delay or prohibit the import or use of the products, the Buyer's obligations are paused until resolution, with the possibility of contract termination without liability if compliance cannot be achieved.
     
     
7. Notices
8. • The Seller must inform the Buyer about critical shipping details, including the departure date and the carrier's name, to facilitate the receiving and importation process.
   • The Buyer should provide the Seller with any necessary information required for arranging transportation, completing export, and insurance formalities.