The term Ex-Works (EXW) figures on top of the list of Incoterms® that is published by the International Chamber of Commerce (ICC). One can also see it in several shipping documents and trading contracts.
What are Incoterms®? What does the term Ex-Works mean?
When the term Ex-Works is used on a shipping document, it means that the goods that are sold by the seller to the buyer will be delivered to the buyer at the seller’s storage facility or factory.
EXW can also be used to specify a place that...
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