| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,726,576,408 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
EXW |
Also found in: Acronyms, Wikipedia | 0.01 sec. |
|
See Ex Works. Ex Works In international commerce, an agreement between a seller and a buyer indicating that the seller has fulfilled his/her obligation to deliver a good when he/she has made it available at his/her premises for the buyer to pick up. The seller is therefore not responsible for transporting the good and risk is transferred to the buyer as soon as the good is available. The buyer is responsible for all costs related to the transport of the good, as well as charges associated with exporting and importing. The place where the good is to be made available is specified in the agreement and is usually a warehouse or other facility owned by the seller. Of all international commerce agreements, an Ex Works agreement carries the least responsibility for the seller. See also: United Nations Convention on Contracts for the International Sale of Goods, Incoterm. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
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. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|