Ex Works
Ex Works is an international trade term that indicates the seller's responsibility is minimal. Under this arrangement, the seller makes the goods available at their premises or another specified location, such as a factory or warehouse. The buyer assumes all costs and risks associated with transporting the goods from that point onward.
In an Ex Works agreement, the buyer is responsible for loading the goods, clearing customs, and arranging transportation. This term is commonly used in global trade to clarify the obligations of both parties, ensuring that the seller's role is limited to making the goods available for pickup.