Describes a circumstance where the seller is responsible for getting the goods prepared at their place of business. On the other hand, the seller isn’t liable for the transport expenses and threats; the buyer is responsible for transport arrangements.
Ex-works (EXW) is a global trade term by which a seller creates a product available at a predetermined place, and the customer must pay for the transportation costs. This is one of the 11 incoterms, A set of standardized global trade terms which are approved, registered and published by the International Chamber of Commerce.
This rule puts a minimum obligation on the seller, who only must make the products available, well packaged, at the specified location, generally the seller’s factory or depot. The customer is responsible for loading the products on a vehicle (though the seller might be better placed to do so ); for export procedures; for onward transportation and all costs arising following collection of the merchandise.