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What is the precise definition of business transaction terms EX-SITE LOT LOC EX-WORKS FOB?
The full list of definitions, conditions and differences between FOB vs EX-WORKS vs LOT is in the complete INCOTERMS 2000, International Chamber of Commerce
http://www.telecom.gov.sk/index/open_file.php?file=doprava/kombi/wallchart.pdf
Individual items description here: http://www.iccwbo.org/incoterms/id3040/index.html
The most useful, practical table who is responsible for what is here:
http://www.i-b-t.net/incoterms.html
EX-SITE: should be the same as EX-WORKS, usually it means you buy an object that you have to remove from the location yourself - always make sure what state is it in.
LOT: as FCA, loaded on truck
LOC: as FCA, loaded on container
EX-WORKS: (EXW) warehouse storage, labour, packing is supplied by the seller. From loading and transport it is the responsibility of the buyer. In case the item sold is not specifically said to be packed, always make sure what state it will be left in when you buy it.
FCA: unloaded at the seller's dock OR a named place where shipment is available to the international carrier or agent, not loaded.
FOB: means that the delivery of the sold item is in responsibility of the seller up to a given point when the sold item is loaded on a ship, but buyer pays for the transport, example: FOB harbour Puerto-Poillo -> from that point onwards the buyer is responsible for transport and insurance.
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