Define: Exw

– Exw stands for “Ex Works,” which is an international trade term that means the seller fulfills their obligation to deliver when they have made the goods available at their premises (i.e., works, factory, warehouse, etc.) to the buyer.

– Under Exw terms, the seller is responsible for making the goods available at their premises and for loading the goods onto the buyer’s transport. The seller is not responsible for arranging or paying for transportation.

– The buyer is responsible for arranging and paying for transportation, as well as for all costs and risks associated with transporting the goods from the seller’s premises to the final destination.

– No, the seller is not liable for damages or loss of goods once they have been made available at their premises. The buyer assumes all risks and responsibilities for the goods once they are in their possession.

– Yes, the buyer has the right to inspect the goods before accepting them. It is important for the buyer to thoroughly inspect the goods to ensure they meet the agreed-upon specifications.

– No, the seller is obligated to make the goods available to the buyer once the agreed-upon conditions have been met. Refusing to release the goods could result in a breach of contract.

– If the buyer fails to arrange transportation, they are still responsible for the goods and may incur additional costs for storage and other related expenses.

– Yes, the Exw terms can be modified through negotiation between the buyer and seller. It is important for both parties to clearly outline any modifications in the sales contract.

– The seller is required to provide the buyer with any necessary documentation to allow for the export of the goods. The buyer is responsible for obtaining any import documentation and permits.

– The main advantage of using Exw terms is that it places minimal responsibility and risk on the seller, making it a favorable option for sellers. It also allows the buyer to have more control over the transportation and shipping process.