Under EXW terms, who bears export clearance and transportation from the seller's location?

Study for the Taitt Supply Chain Management Exam 1. Utilize flashcards and multiple choice questions, each with hints and explanations. Prepare thoroughly for your exam!

Multiple Choice

Under EXW terms, who bears export clearance and transportation from the seller's location?

Explanation:
In EXW terms, the buyer takes on most responsibilities once the goods are made available at the seller’s premises. The seller’s obligation is simply to place the goods at their location and make them available for pickup. From that point onward, the buyer handles export clearance and all transportation from the seller’s location to the final destination, paying the related costs and bearing the risks. This means the buyer is responsible for the export formalities and for arranging the main carriage starting from the seller’s location, while the seller has no obligation to clear exports or to arrange freight beyond making the goods available.

In EXW terms, the buyer takes on most responsibilities once the goods are made available at the seller’s premises. The seller’s obligation is simply to place the goods at their location and make them available for pickup. From that point onward, the buyer handles export clearance and all transportation from the seller’s location to the final destination, paying the related costs and bearing the risks. This means the buyer is responsible for the export formalities and for arranging the main carriage starting from the seller’s location, while the seller has no obligation to clear exports or to arrange freight beyond making the goods available.

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