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International Trade vocabulary · Incoterms

EXW

Meaning in international trade, with examples

abbreviationCore term

In international trade, EXW means: Ex Works: an Incoterms rule in which the seller only makes the goods available at its own premises; the buyer handles loading, transport, and export and import formalities.

In Turkish: işyerinde teslim, fabrika teslim, EXW teslim

How it is used

The rule with the least obligation for the seller, written with the place: 'EXW Bursa factory'. Because the seller is not obliged to load the truck or clear the goods for export, many traders use FCA when the buyer cannot handle export clearance in the seller's country.

Example sentences

  1. The price is EXW our warehouse in Gebze, packed on pallets.

  2. If you buy EXW, your truck must collect the goods from our factory.

Common collocations

  • EXW price
  • EXW factory
  • quote EXW
  • EXW terms
  • IncotermsA set of standard three-letter trade terms published by the International Chamber of Commerce that show which costs, risks and tasks belong to the seller and which to the buyer.
  • FCAFree Carrier: an Incoterms rule in which the seller clears the goods for export and hands them to the buyer's carrier at a named place, where the risk passes to the buyer.
  • DDPDelivered Duty Paid: an Incoterms rule in which the seller delivers the goods to the named place in the buyer's country, cleared for import and with all duties and taxes paid.
  • FOBFree On Board: an Incoterms rule in which the seller clears the goods for export and delivers them on board the ship at the named port of shipment, where the risk passes to the buyer.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Incoterms

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