EX Works

EX Works (EXW) is an international trade term, also known as an Incoterm, that defines a specific point in the logistics process where the seller’s responsibility ends, and the buyer’s obligations begin. 

Under EXW terms, the seller’s primary obligation is to have the goods ready for pickup or delivery at a specified location. The seller must ensure that the goods are properly packaged, labeled, and made available to the buyer or their designated carrier. Risk associated with the goods transfers from the seller to the buyer once the goods are made available at the agreed-upon location. This means that any damage or loss that occurs after this point is the buyer’s responsibility. The buyer is responsible for all subsequent steps, including transportation, export clearance, import clearance, payment of duties and taxes, and any other costs or risks associated with the goods’ journey to their final destination.