On: December 16, 2024 By: David Noah
Incoterms 2020 EXW: Spotlight on Ex Works
Under the Incoterms 2020 rules, Ex Works (EXW) means the seller has fulfilled its obligation when the goods are made available to the buyer, usually at the seller’s location. Although it may sound like a great term for an exporter to use, there are reasons to avoid this international trade term.