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.
Likewise, what does EXW shipping terms mean? EXW: Ex Works. The seller makes the goods available at their premises, or at another named place. The Ex Works term is often used when making an initial quotation for the sale of goods without any costs included. EXW means that a buyer incurs the risks for bringing the goods to their final destination.
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
Does ex works include packaging?
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!