EXW
Also called: ex works
The Incoterms rule placing the least obligation on the seller: goods are made available at the seller's premises and the buyer arranges loading, transport, export and import formalities. The buyer bears risk from the moment goods are placed at its disposal.
In practice
EXW can leave the buyer responsible for export clearance in a country where it has no registration, which is why many traders use FCA instead.
EU
Türkiye
USA
UKRelated terms
- Incoterms
- A set of standard three-letter trade terms published by the International Chamber of Commerce that allocate delivery point, risk, costs and customs…
- DDP
- The Incoterms rule placing the most obligation on the seller: the seller delivers goods cleared for import at the named destination and bears all…
- Export declaration
- The declaration placing goods under the export procedure so they can leave the customs territory. In the EU it is lodged at the customs office where…