EXW Incoterm (Ex Works) — Risk & Cost Split

EXW — Ex Works (Incoterms 2020) What EXW means. EXW stands for Ex Works. The seller makes goods available at their premises; the buyer bears nearly all cost and risk, including export clearance. Risk and cost are separate questions. Incoterms allocate cost and risk independently, and the point where risk transfers is often not the point where the seller stops paying. Disputes usually arise from assuming the two move together, or from using a maritime term for containerised cargo handed over at a terminal rather than loaded across the ship's rail. Getting the term right. Frequently Asked Questions. Estimate landed cost under this term.

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