Ex Works is an Incoterm where the seller makes goods available at their premises, and the buyer is responsible for all transportation, risks, and costs from that point onward.
How It Works:
- The seller prepares goods at their location.
- The buyer arranges pickup and transportation.
- Risk transfers to the buyer at the seller’s premises.
- The buyer handles export and import procedures.
- The buyer manages delivery to the final destination.
Benefits:
- Minimal responsibility for the seller
- Maximum control for the buyer
- Suitable for experienced importers
- Simplifies seller operations
Example:
A buyer arranges pickup of goods directly from the seller’s warehouse and manages the entire shipping process.