Export/Import Updates!

Shipping Terms

Ex Works (EXW)

“Ex Works” means that the seller has delivered the goods the when he places the goods at the disposal of the buyer at the his (seller’s) premises or at another named place (i.e.,works, factory, warehouse, etc.). Under an Ex Works contract of sale, the seller does not need to load the goods on any collecting vehicle, nor does he need to clear the goods for export, where such clearance is applicable.

Source: ICC Store (store.iccwbo.org/icc-incoterms)