Monday, October 12, 2015

Term of the Day: Ex Works (EXW)

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October 12, 2015
Ex Works (EXW)

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.

Breaking It Down:

This arrangement is extremely favorable to the seller at the buyer's expense. The seller is only responsible for...

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