Abbreviation: EXW See Inco Terms
This an INCO term and explains what the price quoted represents and the responsibility of the buyer and seller in relation to arranging for the various costs associated (e.g. insurance) with the shipment. It is normally used in road transport but can also be used for a combination of transport methods but can also be used for a combination of transport methods when the goods are to be collected by the buyer at the seller's premises. It usually covers the cost of the goods only.
The price that the seller quotes applies only at the point of origin. The buyer takes possession of the shipment at the point of origin and bears all costs and risks associated with transporting the goods to the destination.