EXW (Ex Works – Incoterm)

EXW (Ex Works Incoterm) is an Incoterm used in international trading agreements, which defines the point at which ownership and responsibility for goods transfer from the seller to the buyer.

The seller is responsible for making the goods available at their own premises or another named place, but no other services are included. Buyer assumes all costs and risks associated with transporting the goods from this location to their destination.