Ex Works (EXW) is an Incoterm. It means that the seller X has the goods ready for collection at his premises (Works, factory, warehouse, plant) on the date agreed upon. The buyer pays all transportation costs and bears all risks for bringing the goods to their final destination
A trading term used in the sale of goods to denote that the price includes only the cost of the product at the warehouse/factory gates before any transport costs are included In USA this is normally referred to as FOB Refer: Incoterms & other trading terms
An INCOTERM describing a term of sale that details the responsibilities of the buyer and seller for the international trade transaction Under this term, the seller fulfills his obligation to deliver when he has made the goods available at his own premises to the buyer He is not responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination This term thus represents the minimum obligation for the seller
Ex Works ( named place) This term signifies that the price quoted is for supply of goods, packed for export, at the exporter's premises The exporter's contractual obligation is discharged when the goods are made available to the buyer The exporter is not responsible for any element of transport or insurance cost
A Term of Sale which means that the seller fulfills the obligation to deliver when he or she has made the goods available at his/her premises (i e , works, factory, warehouse, etc ) to the buyer In particular, the seller is not responsible for loading the goods in the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed The buyer bears all costs and risks involved in taking the goods from the seller's premises to the desired destination This term thus represents the minimum obligation for the seller
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