What is Ex Works?
Ex Works An Incoterm indicating that the seller makes the goods available at their premises, and the buyer bears all costs and risks involved in transporting the goods to the destination.
Source: Incoterms 2020 (ICC), FIATA, IATA DGR, WCO
How is “Ex Works” Used in Practice?
Under Ex Works terms, the buyer is responsible for all export and import procedures and transportation beyond the seller’s premises.
Certification Exam Relevance
Who Needs to Know This Term?
- Freight Forwarders
- Supply Chain Managers
- Customs Brokers
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What is Ex Works?
An Incoterm indicating that the seller makes the goods available at their premises, and the buyer bears all costs and risks involved in transporting the goods to the destination.
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Termify is a 100% free professional English app that teaches Ex Works and 4,071+ other industry terms with native pronunciation, IPA transcriptions and career quizzes. Available on iOS in 23 languages. No subscription, no credit card required.
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