incoterm exw


What are the benefits of using EXW Incoterm?

  • Under EXW terms, buyers can benefit from full control over the shipping process and slightly cheaper products, but it might be offset by the cost of customs clearance and export licenses. Incoterms refer to a set of globally recognized trade terms that clarify the obligations of buyers and sellers.

What is the buyer's responsibility under an EXW Incoterm?

  • EXW Incoterm stands for EX Works, an international commercial rule published by the International Chamber of Commerce. Having an EXW arrangement means that there is minimum obligation for the seller, whereby he is responsible only till the delivery of goods at the named place, and the buyer covers the entire shipping cost.

What does Incoterms EXW mean?

  • EXW Incoterm stands for EX Works, an international commercial rule published by the International Chamber of Commerce. Having an EXW arrangement means that there is minimum obligation for the seller, whereby he is responsible only till the delivery of goods at the named place, and the buyer covers the entire shipping cost.

What is EXW in shipping terms?

  • Ex Works (EXW) is a shipping arrangement in which a seller makes a product available at a specific location, but the buyer has to pay the transport costs. Once buyers have their goods, they are responsible for other risks, such as loading them onto trucks, transferring them to a ship or plane, and meeting customs regulations.
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