Ex Works


Also found in: Dictionary, Acronyms, Wikipedia.
Related to Ex Works: fob

Ex Works (EXW)

A transaction in which the seller's only responsibility is to make the ordered goods available to the buyer at the seller's premises. The buyer bears the cost and risk in transporting the goods from the seller's premises to destination. Since this includes pre- carriage and export clearance in the seller's country, EXW is not a very practical Incoterm for U.S. exports.

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.
References in periodicals archive ?
Over 2,200 of the industry's specialized trucking companies already participate in the Ex Works program.
The Ex Works mission is to provide clear and easy-to-understand information to enable better decisions, reduce costs, increase compliance and populate forwarder tracking systems.
How do I tell him my ex works there and should I ask him to decline the offer?
The range starts at the C180 Classic at EUR43,240, with the C200 at EUR46,420, and it rises to EUR67,190 for the C350, all ex works.