EXW - EX WORKS (incoterms
2000)
What is EXW?
EXW is a delivery term EX
Works specified in INCOTERMS 2000.
EXW means that the seller
delivers when he places the goods at disposal of the buyer
at the seller's premise or warehouse.
The goods delivered with EXW
are not cleared yet for export and not loaded yet on
vehicle.
This also means that the
buyer should bear all costs and risks of loss or damage from
that point.
EXW term does not require the
seller to clear the goods for export.
It is recommended
to verify specific details in Incoterms 2000.
Import, Export,
Incoterms
The seller's
obligations in EXW term:
Provision of goods
Licenses and export
formalities
Delivery at the named place
of loading
Transfer of risks to the
buyer
Details are
specified in Incoterms 2000
The buyer's
obligations in EXW term:
Payment of the price
Licenses and import
formalities
Contracts of carriage to the
named place of destinations and insurance
The buyer should bear all
risks from the time the goods passed the place of loading
Details are
specified in Incoterms 2000
Additional
information about divisions of costs, notice to the
buyer, notice to the seller, proof of
delivery, transport documents and other
obligations available in INCOTERMS 2000 of
ICC.
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Subjects keywords:
EXW, EX WORKS, EXW definition, seller's obligations in EXW term, buyer's
obligations in EXW term, INCOTERMS. All
information about EXW.
