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 ?
The diesel iQ, which only comes in leather trimmed Sol specification, is EUR20,430 (ex works).
RIVALS: (ex works prices) Audi A3 1.8 TFSI Ambition EUR42,315 Ford Focus 2-litre TDCI CC Titanium EUR39,215
Priced at EUR16,750 (ex works) and low running costs should ensure its popularity.
The E37,995 (ex works) version adds the semi-automatic gearbox while the top of the line E40,995 TL lands you a power drivers seat, leather trim and cruise control.
A staggering 26 different variants will make up the Polo range with prices from e15,465 (ex works) for the 55bhp, 1.2 three door.
As for me, I loved it to bits but I'd be as happy with the EUR23,705 (ex works) Cooper D which is even easier to own and 90 per cent of the car for far less money.
The four-wheel-drive diesel is only available in higher SVE trim and is EUR45,100 (ex works) while the option of an automatic gearbox adds EUR2,000 to the price.
The Kuga, Ford's first attempt at an SUV/Crossover in several years, will start at EUR32,565 (ex works).
The LS600h L (L for long wheelbase) doesn't feel as quick nor does it come with the active anti-roll bars but it does get a second DVD screen in the headlining, airconditioned rear seating and an ottoman seat on the rear passenger's side, So if you have someone to drive you around it is the car to go for, even if it is EUR168,850 (ex works).
The range starts at #x20AC;27,795 (ex works) while the 2.0-litre diesel with 110hp is EUR32,295 (ex works) a reduction of EUR900 on the outgoing version.
The 2 litre diesel Elegance starts at EUR41,350 (ex works) and gets ESP, Hill Descent Control, air conditioning, 17 alloy wheels, front fog lights, power windows and mirrors and six airbags as standard with the diesel version also getting an automatic, self levelling rear suspension.
The car will costs EUR49,995 (ex works) and will come in one high spec trim level complete with leather and a Bose sound system.