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 ?
Nonetheless, China continues to show strength as ex-works cement prices increased more than 4% QoQ, though they remain well below $40 per ton, said Stefana Abiculesei, CW Researchs lead analyst for the Global Cement Trade Price Report.
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.
EUR20,535(ex-works) buys you the base Golf model and the range climbs to EUR49,350 (ex-works) for the 3.2litre V6, four-wheel-drive R32.
The ex-works car is now undergoing complete restoration work."
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.
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.
The fact that Ford have made the Mondeo a far more complete, rounded car than ever before and then slapped a EUR24,950 (ex-works) price on the 1.6 LX makes the scale of their achievements all the more remarkable.
9mo12 revenues increased 23% YoY to USD 100mn on the back of a 12% increase in ex-works prices to USD 75/tonne and an 8% YoY increase in volumes to 1.13mnt.
Mobarakeh Steel's hot rolled coil -- for 60 days delivery ex-works -- sold at IRR 5,790,000/ton ($579/t), about $10 lower than the previous week.