Define ExWorks under Incoterms

EXW – ExWorks (named place)

 

In ExWorks, the seller only has to place the goods at the disposal of the buyer at seller’s premises or any other mentioned place like works, factory, warehouse, etc. The seller doesn’t need to clear exports or load goods into the collecting carrier. With this term, the seller has minimum obligation and the buyer must carry out all tasks of export & import clearance.

This term can be used for both Air and Sea transport

 

Obligation and expenses of seller:-

All responsibilities and charges should incur by seller include Warehouse Services, Export packing, assistance in obtaining any exports licence or other official authorisation necessary for the exportation of the goods.

 

The risk passes from the seller to the buyer at the named place of delivery point.

 

Obligation and expenses of Buyer:-

 

All responsibilities and charges must incurs by Buyer includes, Loading at point of Origin, Origin Inland Freight, Origin Port Charges, Export Customs clearance, Origin Forwarder Fees, Ocean/Air Freight, Destination Port Charges, Import Customs clearance , Import Duties and Taxes, Delivery cartage to Final Destination


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