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EXW (Ex Works)
This term refers to a clause whereby the seller undertakes to make the goods available on the ground at one of their pre-determined or agreed manufacturing units or warehouses and the buyer assumes all costs and transport risks. Unless otherwise agreed and included in the contract with an explicit agreement between the parties, the seller is not required either to clear the goods for export or to load them on the means of transport provided by the buyer. The buyer must therefore bear all the costs and risks of bringing the goods from the seller’s premises to the desired destination.
