Ex Works

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Related to ex-works: Incoterms, 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 ?
The 150+ page report, published on a quarterly basis, serves as the industry go to source for monthly price data for about 60 individual markets worldwide, including multiple cornerstone data series: import, export, ex-works and market prices.
CLASSIC The 1935 ex-Works Aston Martin may fetch PS2.
The ex-works price of 95% clomazone technical in China has decreased slightly in general in last two years ,which is related to the market demand of clomazone.
While export pricing continued to trend lower, quarter-on-quarter (QoQ) ex-works pricing, however, saw signs of recovery.
Steppe Cement's average delivered price declined 8% YoY to KZT 11,890/t, while the ex-works price was down 6% YoY to KZT 10,176/t in 2015.
Iranian producers' current domestic prices for welded pipes of 1ua2"-4" size with 2 mm wall thickness made to EN 10219 or DIN 2394 from S235JR grade HRC are at $750-800/mt ex-works.
0-litre, two-wheel-drive SE is EUR27,595, the four-wheel-drive version is EUR2,000 more and the 150hp SVE 4x4 diesel commercial is EUR32,395, all prices are ex-works.
Bjorn Waldegard (1979 FIA World Rally Champion) at the wheel of an ex-works 1980 Fiat 131 Abarth, an immediate forerunner of the Group B rally cars.
In addition, the ex-works price of thiamethoxam technical has decreased significantly from 2009 to 2012.
Tenders are invited for Request For Quotation For Appointment Of Air Consolidation Agents On Annual Contract Basis For Collection Airliftment Handing Over Of Delivery Order Documents To Pawan Hans Ltd Or Pawan Hans Appointed Cha On Ex-Works Basis From France Singapore Uk Australia Usa
At the same time, the companyaACAOs 1Q13 ex-works prices increased 18% YoY in KZT (vs.
Iraqi domestic market prices for rebar are reported to be in the range of $560- 610/t ex-works, depending on the origin of the material.