Definition · Incoterms & logistics

EXW

Ex Works: the incoterm where the seller makes the goods available at their premises, with the buyer taking on all transport, risks and export clearance from that point.

Related terms

FOBFree On Board: the incoterm where the seller delivers the goods loaded on board at the departure port (Radès or Sfax) and the buyer then bears freight, insurance and risks. The recommended standard for a first export.IncotermAn international trade rule (ICC Incoterms) defining which of the seller or the buyer bears the costs, risks and formalities at each stage of transport. A wrong choice can wipe out the margin.DDPDelivered Duty Paid: the seller delivers cleared and duty-paid at the buyer's premises, bearing all import costs and duties. The most committing incoterm, to be avoided with an unknown customer.

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