Ex Works

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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 ?
In other words, it's the opposite of the aforementioned EXW.
Of the 13 different Incoterms, the best known are EXW (Ex works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid) and CPT (Carriage Paid To).
Among the best known Incoterms are EXW (Ex Works), FOB (Free on Board), CIF (Cost, Insurance and Freight), DDU (Delivered Duty Unpaid), and CPT (Carriage Paid To).
Assuming the banker is willing to accept as evidentiary documentation a signed truck bill for an EXW transaction or other signed document for an "F" Incoterm sale, this can provide much greater flexibility.
For Supplier national of the Purchaser's country: EXW (on Supplier's own place of business)
Total Cost for goods and delivery (Prices: EXW and DAP Athens).
Please include the following price information in your quote (VAT to be indicated separately):- Currency: EUR - Total Cost for goods and delivery (Prices: EXW and DAP Athens).