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EXW

   Also found in: Acronyms, Wikipedia 0.01 sec.
See Ex Works.

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Coming in an alphabet stew of abbreviations--such as EXW, FCP, DDU and DDP--spelled out in global protocols set forth by the International Chamber of Commerce (ICC), these govern the buyer's and seller's responsibilities.
Their largest reel is the Pro EXW 50, designed to hold 100-pound test or more than a half-mile of 50 pound line.
At one extreme you have EXW, short for ex works, which is an export price that requires the foreign buyer to take receipt of the export shipment at the exporters place of business or at an agreed upon point of delivery within the exporting country.
 
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