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Trade Knowledge

trade terms-EXW

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EXW  EX WORKS(…named place)-- Factories delivery(the designated place) means that the seller fulfils its obligation to deliver the goods to the buyer at its premises(factory, factory, warehouse, etc.). Unless otherwise agreed, the seller is not responsible for loading the goods into the vehicle prepared by the buyer, nor is it responsible for export clearance. The Buyer shall bear all the costs and risks of taking the goods from the Seller's premises to the destination. Therefore, this term is a term for the minimum obligation of the seller.
If the buyer can not go through the export formalities directly or indirectly, this term should not be used, but FCA term should be used.
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