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exworks

 

Definitions from the Web

Term: Exworks

Part of Speech: Noun

Sense 1: A trade term, also known as EXW, which stands for "Ex-Works." It is a shipping arrangement where the seller is only responsible for making the goods available at their premises, and the buyer is responsible for all other transportation costs and risks.

Example Sentence 1: In international trade, many exporters prefer using Exworks as it places the majority of the shipping responsibilities on the buyer.

Example Sentence 2: The buyer was surprised to learn that Exworks did not cover any transportation costs beyond the seller's premises.

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