EXW (Ex works) means that the seller fulfils his obligation to deliver when he has made the goods available at his premises (i.e. works, factory, warehouse, etc) to the buyer. In particular, he is not responsible for loading the goods on the vehicle provided by the buyer or for clearing the goods for export, unless otherwise agreed. The buyer bears all costs and risks involved in taking the goods from the seller s premises to the desired destination. This term thus represents the minimum obligation for the seller. The following EXW price calculation is based on the following formula:
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