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 ?
CLASSIC The 1935 ex-Works Aston Martin may fetch PS2.
Offers of25x25mm-110x110mmhollow sections with 2-6 mm wall thickness made to EN 10219 or DIN 2395 are being given on average at $750-790/ mt ex-works.
Studies quote the increasing spread of retrofit solutions or ex-works, prompted by legislation as well as growing familiarity of end users with this technology.
He is an ex-works colleague who, in my younger days, became my mentor and a very good friend of some 40-plus years.
Truslove had secured a class victory with an ex-works Triumph Spitfire in 2002 after finishing ninth in the Elva the previous year.
Around 20 vehicles will be offered for sale including a trio of historic MK1 Lotus Cortinas driven by stars like Jim Clark and Jackie Stewart and the ex-works rally car driven by Roger Clark.
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.
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
5-1 Ex-works prices of propanil in China, 2007-2012 Figure 2.
SteelOrbis has learned that local rebar prices in the UAE this week stand in the range of AED 2,550- 2,575/mt ($694-701/mt) ex-works on theoretical weight basis.
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.