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Ex Works (EXW) is an Incoterm®, which is an international trade term that defines the obligations of the seller and the buyer in an international sale of goods. Under EXW, the seller's responsibility is to make the goods available at their location (or another named place) in the agreed country of export.
The buyer is responsible for all costs and risks associated with transporting the goods from the seller's location to their final destination. The seller must provide the buyer with the necessary documentation, such as the commercial invoice and the bill of lading.
EXW is a good choice for buyers who want to have maximum control over the transportation of the goods. It’s also a good choice for sellers who want to minimize their costs and risks.
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