franco stabilimento
English translation: ex-factory; ex-works (EW); free at works (FAW)
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| 03:45 Mar 29, 2001 |
| Italian to English translations [Non-PRO] Bus/Financial | ||||
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|  Selected response from: CLS Lexi-tech Local time: 11:31 | |||
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| na | free at works, FAW, ex-works |
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| na | ex-factory; ex-works (EW); free at works (FAW) |
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Answers
4 mins
free at works, FAW, ex-works Explanation: sinonimo "franco fabbrica" diz. Marolli |
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48 mins
ex-factory; ex-works (EW); free at works (FAW) Explanation: from Codeluppi, Dizionario di economia, banca e borsa. " Ex works " means that the seller delivers when he places the goods at the disposal of the buyer at the seller’s premises or another named place (i.e. works, factory, warehouse, etc.) not cleared for export and not loaded on any collecting vehicle. This term thus represents the minimum obligation for the seller, and the buyer has to bear all costs and risks involved in taking the goods from the seller’s premises. However, if the parties wish the seller to be responsible for the loading of the goods on departure and to bear the risks and all the costs of such loading, this should be made clear by adding explicit wording to this effect in the contract of sale. This term should not be used when the buyer cannot carry out the export formalities directly or indirectly. In such circumstances, the FCA term should be used, provided the seller agrees that he will load at this cost and risk. Ex works shipment? Piece of cake! Send a truck round to the shipper's place, he'll stick the stuff on the back, and bob's your uncle! Not for much longer, though. On 1 January 2000 the Paris-based International Chamber of Commerce (ICC) issued a new set of INCOTERMS, replacing the 1990 edition. At first sight they may not look particularly different as all the old familiar faces - FOB, CAF, CIF, DEQ and so on - are still there. But look a little closer and you will find that a number of the definitions have been subtly changed. EXW is one of them. The 1990 INCOTERMS say that the supplier on EXW terms has to make the cargo available, at his premises, to the buyer,s carrier, but do not specify who is responsible for loading and securing the cargo on the vehicle. Of course, most times the shipper will actually do this, since he has both the equipment and the personnel available, but now practice and principle are set for a head-on collision. Forwarders should be careful that they are not crushed as a result. Cheers Paola -------------------------------------------------------------------------------- Reference: http://www.tmt.fr/inca_01.htm Reference: http://www.forwarderlaw.com/feature/incoexw.htm |
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