EXW Meaning in Shipping

EXW or Ex Works is a term that describes the arrangements of seller and buyer. The seller makes goods available at a disposal location, and the buyer handles the rest duties.

Ex Works indicates the terms of trade
Goods Disposal
– the seller must prepare freight at premises, such as a factory or warehouse.
The seller is not accountable for the following
– loading the goods onto the buyer’s vehicle
– for the goods, once they left the place
EXW shipping works then meets the conditions
– when the buyer arranges transportation
– handles the disposal of the goods at their destination