Context is: trade term. An international commercial term (Incoterm), meaning "ex-works," that is used in international sales contracts to signify a seller's obligation to make the goods available to a buyer only at the seller's premises (that is, works, factory, warehouse, and the like). Thus, the seller is not responsible for loading, shipping, export clearance, etc. unless otherwise agreed. All costs, risks, and obligations incurred from moving the goods from the seller's premises to the buyer's destination are borne by the buyer. See also CFR; CIF; CIP; CPT; DAF; DDP; DDU; DEQ; DES; FAS; FCA; FOB; Incoterms.
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.!-- google_ad_client = "pub-9738021803321985"; google_ad_width = 468; google_ad_height = 60; google_ad_format = "468x60_as"; google_ad_type = "text"; google_ad_channel =""; google_color_border = "FFFFFF"; google_color_bg = "FFFFFF"; google_color_link = "0000FF"; google_color_text = "0000FF"; google_color_url = "000000";
Ex work. This is an Incoterm - see the Incoterms 2000 website for more information. The seller makes the goods available to the buyer at their own premises or another named place. The buyer assumes all the costs and risks of loading and transporting the goods.
means that the seller fulfills his obligation to deliver when he has made the goods available at his premises (i.e. works, factory, warehouse, etc) to the buyer, 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 cost and risks involved in taking the goods from the seller's premises to the desired destination. This terms thus represents the minimum obligation for the seller.
Incoterm for "Ex Works".→ Incoterms
Ex Works: A trading term used in the sale of goods to denote that the price includes only the cost of the product at the warehouse/factory gates before any transport costs are included. In USA this is normally referred to as FOB. See: Incoterms
Ex Works ARLC Automatic Revolving Letter of Credit
Ex Works (...named place)"Ex Works" means that the seller delivers when he places the goods at the disposal of the buyer at the seller's premises or another named place not cleared for export and not loaded on any collecting vehicle.
EX VVORKS...(NAMED PLACE); The seller fulfills his obligation to deliver when he has made the goods available at his premises to the buyer.
Ex Works (... named place). This term signifies that the price quoted is for supply of goods, packed for export, at the exporter's premises. The exporter's contractual obligation is discharged when the goods are made available to the buyer. The exporter is not responsible for any element of transport or insurance cost or the cost of compliance with export formalities.
Abbreviation for " ex works (Named place)."
See Ex Works (...named place).