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Ex Works (EXW) Can be used for any transport mode, or where there is more than one transport mode. This rule places minimum responsibility on the seller, who merely has to make the goods available, suitably packaged, at the specified place, usually the seller’s factory or depot.
Ex Works is a term used in shipping arrangements where the seller is only required to deliver goods at a predetermined location, and the buyer bears responsibility for shipping costs.
The seven Incoterms® 2020 rules for any mode (s) of transport are: EXW - Ex Works (insert place of delivery) FCA - Free Carrier (Insert named place of delivery) CPT - Carriage Paid to (insert place of destination) CIP - Carriage and Insurance Paid To (insert place of destination) DAP - Delivered at Place (insert named place of destination)
Ex-works terms make the seller responsible to place the goods at the disposal of the buyer at the seller’s facilities or any other named place. The named place can be other than the seller premises. Delivery occurs when goods are placed for the buyer’s disposal without necessarily to be loaded.
What is Ex Works & what does it mean in shipping terms? EXW (EX Works) shipping represents an arrangement in which the buyer takes on the responsibility for the entire logistics process, starting from the supplier’s warehouse and concluding at the cargo’s ultimate destination.
What does EX Works (EXW) Mean in shipping terms? An EXWorks Incoterm is an agreement that maximizes the buyer’s risk and responsibility, by requiring the seller to only make the goods available for the buyer at their warehouse or dock.
EXW is short for “Ex Works”, and it’s the Incoterms® rule that places most responsibility on the buyer. The seller has to make the goods available at the place of delivery. That place is commonly the seller’s own warehouse or factory – i.e. the “works” of the title.
When goods are bought or sold "Ex Works" (EXW) it means that the Seller is making the goods available at their factory or warehouse. The buyer is then free to come and pick up the goods. Ex Works places full responsibility for cost and risk with the buyer, as the buyer has to arrange everything.
Ex Works (EXW) and Free on Board (FOB) are both international trade standards, known as Incoterms, that dictate the responsibilities of buyers and sellers, including which parties are...
EXW, short for “Ex Works,” places most responsibility with the buyer. The seller is expected to have the goods ready for collection at the agreed place of delivery (commonly the seller’s factory, mill, plant or warehouse).