What does ExWorks Mean?
Ex Works (EXW) is an international trade term (incoterm) that describes the terms a manufacturer, supplier or vendor is selling their goods at.
Exworks means that the goods or services are priced excluding the buyers transportation costs.
Ex words pricing is set for products to be picked up at a defined location with the intention being that the organization organizes their own shipping and logistics.
Ex works means that the seller will not have to load the goods onto the buyer’s method of transportation or logistics.
This is compared with Free on board where the seller maintains responsibility for the loading of goods as well as the legal obligation for those goods until they are received by the buyer.