EXW (Ex Works) is an international shipping term that indicates the seller's responsibility is minimal. Under EXW terms, the seller makes the goods available at their premises or another named place, such as a factory or warehouse. The buyer assumes all risks and costs associated with transporting the goods from that point onward. This means the buyer is responsible for loading the goods, arranging transportation, and handling customs clearance. EXW is often used in international trade, as it clearly defines the responsibilities of both the seller and the buyer, ensuring a smooth transaction process.