What is an ex works contract?
Keeping this in consideration, what ex works means?
Ex works (EXW) is an international trade term that describes when a seller makes a product available at a designated location, and the buyer of the product must cover the transport costs.
Similarly, what is the difference between FOB and ex works?
However, the difference between the two is clear: Using EXW, you are responsible for all costs associated with your transport to the UK, whereas, with an FOB agreement, you are only accountable for the costs that come after your goods have boarded the ship (or aircraft), as your supplier is responsible for the local
Ex Works (EXW) This rule places minimum responsibility on the seller, who merely has to make the goods available, suitably packaged, at the specified place, usually the seller's factory or depot. Although the seller is not obliged to load the goods, if the seller does so, this is at the buyer's risk!