INCOTERMS : seller obligations

Question 1

What are the general seller obligations for EXW, FCA, CPT, and CIP?

Answer 1

to provide goods and commercial invoice in conformity with the contract of sale

Question 2

CPT and CIP: Licenses authorisations, security clearances and other formalities

Answer 2

must obtain export license or other official authorisation and carry out all custom formalities necessary for the export of the goods and for their transport through any country prior to delivery

Question 3

EXW: Licenses authorisations, security clearances and other formalities

Answer 3

at the buyer’s request, risk and expense, seller must assist in obtaining export license or other official authorisation necessary for the export of goods as well as provide any information required for security clearance

Question 4

FCA: Licenses authorisations, security clearances and other formalities

Answer 4

at the seller’s risk and expense obtain any export license or other official authorisation and carry out all customs formalities necessary