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"Ex Works" (often abbreviated as EXW) is an international trade term that indicates the seller's responsibility ends once the goods are made available for pickup at their premises or another specified location. The buyer assumes all costs and risks associated with transporting the goods from that point onward, including loading, transportation, and customs clearance. This term places minimal obligations on the seller while placing the onus on the buyer to manage logistics.
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When can exworks goods be invoiced?
Exworks (EXW) goods can be invoiced once the seller has made the goods available for collection at their premises or another specified location. The invoice is typically issued when the seller has fulfilled their obligation to provide the goods, regardless of whether the buyer has taken possession. This means that the buyer assumes responsibility for transportation and related costs from that point onward. It's essential for both parties to clearly define the terms and timing of the invoice in their sales agreement.
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When can exworks goods be invoiced?
Exworks (EXW) goods can be invoiced once the seller has made the goods available for collection at their premises or another specified location. The invoice is typically issued when the seller has fulfilled their obligation to provide the goods, regardless of whether the buyer has taken possession. This means that the buyer assumes responsibility for transportation and related costs from that point onward. It's essential for both parties to clearly define the terms and timing of the invoice in their sales agreement.
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