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Monday , October 22 2018
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EXW Incoterms

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Section A – Any mode of transport

1.EXW Incoterms – Ex Works (named place of delivery)
This simple arrangement places the onus on the buyer to carry out the whole shipping process. The seller just makes the goods available at his factory or warehouse at the agreed date: if he physically loads them it is at the other party’s risk, unless specific wording is added to the contract to vary this term.
The buyer is responsible for loading, transportation, clearance and unloading.
‘Ex Works’ is also the typical basis of making initial quotations when the actual shipping costs at a given time are not known.

The buyer pays all transportation costs and also bears the risks for bringing the goods to their final destination.

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