INCOTERMS

EX WORKS (EXW) [insert named place of delivery]

The Seller delivers the goods by placing them at the disposal of the Buyer, for pick-up, at a named place of delivery (e.g. works, factory, warehouse, etc.).

The Seller is not in any way involved in the loading of the vehicles destined to transport the goods.

The Buyer bears all risks of loss of/or damage to the goods from the time when they have been delivered at the named place of delivery by the Seller for pick-up by the Buyer.

INSURANCE
Buyer should take out insurance from the time he takes delivery of the goods from the Seller at the agreed upon point of delivery.