- Ex-works is a delivery term in international shipping where the seller is only responsible for making the goods available at their loading bay and the buyer is responsible for all other aspects of transportation.
- The process begins with the buyer issuing a purchase order and the seller providing a tentative readiness date.
- Once the goods are ready, they are packed and kept at the loading bay.
- The buyer then arranges for transportation and picks up the goods. The ex-works price is negotiated separately from other costs such as insurance and freight charges.
- Local freight forwarders may be used to handle operations at the origin country. Once the goods are loaded, the buyer takes care of customs clearance and other post-shipment activities.
Source Logisticsstudy
