Ex Works (EXW) is one of the 11 standardized international trade arrangements published by the International Chamber of Commerce, which are known as Incoterms (International Commercial Terms).

In 2020, the ICC issued its latest set of Incoterms, which consists of seven terms that apply to any mode of transport: EXW (Ex Works), FCA (Free Carrier), CPT (Carriage Paid To), CIP (Carriage ...

Incoterms are a set of internationally recognised rules established by the International Chamber of Commerce (ICC) ... (EXW) or hand them over to a carrier chosen by the buyer (FCA, FAS, FOB).

An EXW Incoterm ®, for example, with contractual title transfer at the shipping port and payment on delivery in a foreign country would be incompatible with the risks and responsibilities identified ...

How EXW works. Of all Incoterms used, Ex Works places the highest possible obligation on the buyer, and the lowest possible obligation on the seller. It means that the seller simply makes the goods ...

The official guide to Incoterms 2000 (Publication 560) c an be ordered from the International Chamber of Commerce, the drafting body for the transportation logistics incoterms terminology, at 156 ...

So the rule of thumb when drafting your incoterm into an agreement is to always think of where, what and how? You can never go into too much detail when describing what your price includes. For ...

Second of a series. In last week’s article, we discussed the relevance of Incoterms 2020 as well as the salient features of Incoterms EXW (Ex Works), FOB (Free On Board), CPT (Carriage Paid To) and ...