EXW, or Ex Works, is an international trade term that specifies a type of delivery agreement between a buyer and a seller. In an EXW agreement, the seller’s responsibility ends when they make the goods ready for pickup at the designated place.
From that moment on, the buyer takes on all responsibility for transporting the goods, clearing them through customs, and covering any related expenses or risks.
EXW is often used when the buyer arranges for their own shipping and logistics, and it provides the least amount of responsibility and risk for the seller.
