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AntEX

EXW

Ex Works

Under EXW (Incoterms® 2020), the seller only makes the goods ready at its own premises. The buyer arranges and pays for everything after that, including loading and export clearance.

In plain words

EXW gives the seller the least work and the buyer the most. The risk passes to the buyer when the goods are ready for collection at the named place. The seller does not have to load the goods onto the truck or clear them for export.

In practice, this can cause problems. The buyer is often a foreign company that cannot easily handle export customs in the seller's country, and loading accidents at the seller's site can lead to disputes. For many shipments, FCA is a better choice. Like all Incoterms rules, EXW does not decide when ownership passes or how payment is made.

Example from real shipping

A buyer in Germany buys spare parts “EXW Gebze, Incoterms® 2020”. The buyer's forwarder sends a truck to the factory in Gebze. The seller's staff help with loading, but the buyer's forwarder must arrange the Turkish export declaration. From the moment the goods were ready, the risk was with the buyer.

This glossary is general information, not legal or customs advice. Rules, fees, and practice can differ by carrier, port, and country.