ex works meaning in shipping terms
Ex Works (EXW) is an international trade term that describes an agreement in which the seller is required to make goods ready for pickup at his or her own place of business.All other transportation costs and risks are assumed by the buyer.s a result, parties to a contract must expressly indicate the governing law of their terms. Ex Works is the term most favorable to the seller, leaving them with the minimum in terms of cost and risk, while the buyer takes up the slack.