Meta

Archive for the 'Commercial Terms' Category



Tabulate below are the meanings of the INCOTERMS:

1.
EXW   {+ the named place}
Ex Works

Ex means from. Works means factory, mill or warehouse, which is the seller’s premises. EXW applies to goods available only at the seller’s premises. Buyer is responsible for loading the goods on truck or container at the seller’s premises, and for […]

As accountants, we sometimes need to peruse/assist in sales agreement/prepare pro-forma sales quotation which entails some basic  knowledge of typical commercial terms and condition.
Any confusion over the meaning used can result in a lost sale or a loss on sale. This is especially true when we are involved with international business transactions which has certain […]



Recommended

Accounting Blogs/Sites