Ex Works (EXW)

Ex Works (EXW) is an Incoterm that defines the point at which the seller's responsibility for the goods ends and the buyer's begins. Under EXW, the seller is responsible for delivering the goods to the buyer's designated location, but the buyer is responsible for loading the goods onto the transport and for all costs and risks associated with transporting the goods from the seller's location to the buyer's location.

EXW is a relatively simple and inexpensive Incoterm, but it can also be risky for the buyer if the seller does not properly prepare the goods for transport. For this reason, it is important for buyers to carefully review the seller's shipping documents and to inspect the goods before they accept delivery.

Here are some of the key features of EXW:

* The seller is responsible for delivering the goods to the buyer's designated location.
* The buyer is responsible for loading the goods onto the transport and for all costs and risks associated with transporting the goods from the seller's location to the buyer's location.
* EXW is a relatively simple and inexpensive Incoterm.
* It can be risky for the buyer if the seller does not properly prepare the goods for transport.
* Buyers should carefully review the seller's shipping documents and inspect the goods before they accept delivery.

If you are considering using EXW, it is important to understand the risks involved and to take steps to mitigate those risks. For example, you may want to require the seller to provide a certificate of inspection or to have the goods inspected by a third party before they are shipped.